What is a venture studio?
A venture & innovation studio helps you all along the creation process, the launch phase and the evolution of your platform. You are still the owner of the project but instead of doing it by yourself, you co-create it with partners.
The primary benefits of a venture studio (also called “start-up studio,” “company builder,” or “venture builder”) are to reduce risk when creating a new venture, to accelerate the time to market and growth, and to increase the start-up return potential.
Studies have shown that start-ups created by studios have also got a much higher chance of survival and growth.
Factor that accounts for a startups success(1)
Business model 24%
(1) 5 Top Indicators for Startups Success, According to this TED Talk. Inc. https://www.inc.com/chris-dessi/this-ted-talk-explains-the-5-reasons-why-startups-succeed.html
Move faster, increase your returns’ potential
Average internal rate of return (IRR)
- 21.3% for traditional startups
- 53% for startups created by studios
Average time from zero to seed
- 36 months for traditional startups
- 10.7 months for startups created by studios
Average time from seed to series A
- 20 months for traditional startups
- 14.5 months for startups created by studios
So we built the 1st venture studio specialised in platforms & sustainability.
Now, how does our studio work?
We are using a methodology & unique set of tools based on a series of logical steps, that was developed thanks to previous experience of building platform ventures, as well as a study of the 200 most successful platforms worldwide. See our methodology with the Platform Innovation Kit
We use them to :
⚙️ Identify strategic whitespaces or key control points within future ecosystems
⚙️ Validate problems along the customer journey
⚙️ Redesign value chains
⚙️ Design the solution
⚙️ Build the business model
⚙️ Assess the entrepreneurial opportunity
⚙️ Develop the sustainability potential
⚙️ Scale network effects
⚙️ And all those special things that you need to look at when building a platform!
Then we stay by your side to test, pivot, launch, pivot, pivot again (and again) & scale for as long as you need us to.
How we split the work? We co-create !
We take risks with you : our team and yours work side by side for as long as is necessary.
You bring the market expertise, the knowledge of your own strategy, all of your experience, an open mind and a lot of energy!
The Flying Rhino core team
We supervise, we guide, we co-create, we provide the tools and, and we even have professional coaches that will ensure that the human factor is not forgotten in all of this innovation rush.
The Flying Rhino venture building team
They do the ground work, starting with the POC.
The start-up team
After the launch, we slowly start recruiting the start-up team to handover to.
Providers, customers, industry pairs… depending on your project or your/our network we will recruit and onboard the most relevant partners.
Public or private, from organisations or individuals, each project will attract different kind of investments and investors. As the data behind studio success becomes more public, investors are acknowledging that studios are a new asset class on which to focus. Indeed, studios make strong innovation partners due to their proven iteration process and speed of development, creating trust for investors.
And of course, we adapt to each particular project: below is a real-life example of a project set-up
“Startups that launch from studios experience 30% higher company success rates. Almost every company launched from a venture studio raises a seed round, and 72% of those that raise a seed round go on to raise Series A financing”