Part I. Establishment and Development of Ventures

Along and winding path leads from a mere idea to ultimate success. Part I discusses the issues which entrepreneurs and companies need to address in order to transform an interesting idea or project into a valuable company. It emphasizes the practical aspects of establishing and building a startup, on the basic assumptions that an interesting idea is insufficient for success and that the execution of the idea is no less (or even more) important than the idea itself. The financing aspects of startups will be discussed in detail in Part III.

Startups are companies whose assets are usually primarily intangible. Although these companies engage in a variety of businesses, their common denominator is their ...

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