Stages of Venture Development:

	Seed Stage  - Defining the concept of the business  - Gathering initial financial resources (friends and family)  - Building the prototype
	Startup Stage  - Assembling the startup team  - Analyzing the competition, identifying customers and Getting your first ‘customer’  - Going beyond the prototype to a truly scaleable product
	Early Stage  - Increasing the number of customers  - Raising ‘institutional’ money  - Recruiting a complete management team and implementing the business
	Growth Stage  - Focusing products on the mass market  - Expanding sales and marketing. Rapid revenue growth  - Reporting relationships and authorities  - Developing systems of internal control (sales, finance, development, support, etc)
	IPO/Exit  - Formalizing the culture and rationalizing the strategy  - Going public or merger/acquisition