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THE ART OF MARKET ADOPTION :
Why you need Formative
Ventures
Getting from pre-revenue to revenue is no easy task
for any start-up company. This is a challenging transition
because most company founders excessively focus on the science behind
their technology, but the truly successful companies need to be equally
focused on the art of market adoption.
To ensure effective market adoption, a start-up needs
to establish a process early in its life-cycle to build relationships
with key influencers in the market who can become committed partners
and customers. These relationships are invaluable as you refine
your product for commercial adoption. Many times entrepreneurs
inadvertently build key relationships with partners and customers
around a single person or group, only to find "the rug pulled
from under them" when a re-organization occurs. We believe
it is critical to learn how to build relationships at all levels
throughout an organization to make sure you establish a lasting
and dependable alliance with that company.
Formative Ventures is one investment partner that
you can lean on as you pursue these relationships. In fact,
we think that the first three customers that you secure will substantively
define your company, and determine your chances of becoming an industry
leader, so make sure you choose your investing partners with this
in mind. Among its peers, FV knows the start-up lifecycle better
than anyone. We have the practical hands-on experience to help
you make these "life changing" decisions as you build your
company into a market leader. Our partners have a history of
making the right calls on big decisions. We’ve led sales,
marketing and business development efforts at some of Silicon Valley’s
most successful start-ups so we’ve been in your shoes.
Getting and winning customers sounds like such an
easy thing to do, but it’s not. We’ve found that
it’s much more
of an art than a science which is why you should choose your investors
with this in mind. Choose Formative Ventures.
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The Formative
team was very resourceful, having introduced us to key partnership
companies and other potential investors. They provided us
with a broad range of operating experiences that were critically
beneficial to our company.”
- Werner Sievers,
former CEO of Zyray Wireless
(acquired by Broadcom)
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