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Summary All Lectures The Entrepreneurial Venture (E_ENT_TEV)
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The Entrepreneurial Venture lectureshttps://www.uvavu.me/program
- https://vu-ondernemend.nl/vu-entrepreneurship-impact/
- https://www.amsterdamventurestudios.nl/
- https://www.iamsterdam.com/en/business/startupamsterdam
- https://www.capitaltvc.com/promise
- https://startupandrunning.nl/startups
- https://www.amsterdamventurestudios.nl/locations/
- https://startupmap.iamsterdam.com/investors.accelerators/f/all_locations/
allof_Amsterdam?
prominence=europe_seed_prominence_unique&sort=europe_seed_prominence_uni
que
- https://www.rockstart.com/
Startup Funding From The Dutch Government
• https://business.gov.nl/starting-your-business/launching-an-innovative-startup/startup-
funding-from-the-government/
• Like Innovation credit, Dutch Good Growth Fund (DGGF) and Financial support for self-
employed professions (Bbz)
• https://www.rvo.nl/subsidie-en-financieringswijzer
• For assistance: https://www.pnoconsultants.com
Student VC: ASIF ventures. https://www.asif.ventures/
e.masurel@vu.nl
Week 1
Lecture 1. 07-09-2021
Focus of this course:
Development of the small firm during its life cycle.
Looking at the differences and how to characterize the difference.
Life cycle of a small firm:
Start-up scale-up maturity decline
,Hybrid entrepreneurs: starting their own company next to having a job.
- individuals who start or operate their own ventures while concurrently keeping wage jobs
in paid employment
- also called: second job entrepreneurs, moonlighters, side activity owners, retired
entrepreneurs, part-time entrepreneurs
- reduces and buffers risks, offers a way to finance, can be regarded as a test period, fights
boredom
- negative aspects of hybrid entrepreneurship: stressful balancing, employers may not
approve.
Different types of entrepreneurs:
Nascent entrepreneurs
New entrepreneurs
Serial entrepreneurs
Portfolio entrepreneurs
Former entrepreneurs
Gazelle entrepreneurs
Stable entrepreneurs
Additional types:
Entrepreneurship is ‘the creation, discovery, and exploitation of value adding opportunities’
(Masurel, 2019, p. 16)
New venture creation motivation:
,Lecture 2. 09-09-2021
Questions to be answered in this lecture:
Which change take place with the small firm when growing?
Or which changes should take place?
Which changes take place with the entrepreneur when the small firm grows?
Or which changes should take place?
And are these changes interrelated with each other?
Or should these changes be interrelated?
Different motivations lead to different types of ventures
, You can be in multiple stages at the same time. Development in marketing and sales may be
less far than the administration of your firm. Your company may be mature at one thing, but
less mature or even infant in something else.
Not many companies keep to the model of life cycle:
1. Some companies stop growing. Instead of entering the growth stage, which follows the
start-up stage during the life cycle of the firm model, the entrepreneur may choose to
stabilize the firm in terms of number of employed people, and not to grow any further, for
example, because the entrepreneur does not want to have any interference in the control of
the firm from others. In fact, here the start-up firm progresses into a mature firm
preliminary, without any intermediate stage of growth.
2. some companies fail after/during the start-up phase. it is also possible that the start-up
firm advances into a decline stage right after its start-up stage, for example, because its
product does not appeal to the market, and then the firm develops toward the end of its
existence right after its start-up stage. Given the fact that the majority of startups die
prematurely and do not survive the period of five years, it gives food to this example of the
life cycle of the firm model.
3. some companies stay in the growth phase by finding a new niche or developing a new
product. it is also possible that, after the growth stage, the firm may re-invent itself, and, for
example, comes up with innovative products, and enters in fact a new start-up stage. In this
example, the firm does not (yet) progress into a mature firm after its (first) growth stage
4. some companies decline after the growth stage. the firm may, after the growth stage,
move into the decline stage prematurely, for example (again) because its product does not
appeal to the market, facing the end of its existence, without having been in a maturity stage
at all.
5. some companies drop in the decline phase, but eventually grow because of new steps and
methods taken. it is also possible that, after the maturity stage, the firm may re-invent itself
and come into a new growth stage, for example, again comes up with innovative products,
instead of entering the expected decline stage
The life cycle of the small firm:
- many small firms do not grow significantly
- why is that so? External constraints? Personal choices of the entrepreneur? Too much cash
withdrawal from the firm?
- it seems to be rather independent from the economic circumstances.
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