Phases of Business Evolution
Startup business ventures progress through five principal growth phases: concept, start up, fundable, saleable, and mature. Each stage is defined in terms of its descriptive elements, business agenda, and economics. This paper lays out a convenient way to think about each of these phases.

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Key Benefits

• Organizes the thinking about the stages of new venture evolution
• Identifies key characteristics and business agenda at each stage
• Prepares the reader for an assessment of their startup business.