Venture studios are hard to execute, but when they work, they really work.
High Alpha has mastered the process to launch 30+ SaaS companies.
Here's a breakdown:
1. Sprint Week:
3 times per year, the whole team goes out-of-of-office for one week to start new companies.
All ideas are B2B software that addresses a user pain or fills a market need they have previously identified in specific industries.
2. Nail the Pitch
The goal at the end of the week is to get funded. Pitch decks are the language of VC. Each includes:
- Brand identity
- Product roadmap
- Model of the product
- Go-to-market strategy
- Established price-point
- Headcount assumptions
3. Full Immersion
During sprint week the whole team is all in. Focused on this one task.
They are unreachable to their portfolio companies, put up out-of-office messages, and tell their families to expect late nights.
4. Bias Towards Yes
It's easy to kill early ideas.
The approach is “If I had to start a business in this space, I would do it like this.”
You want to find one nugget of truth from a customer interview on which to build a business.
5. Survival of the Fittest
The limited amount of time drives a sense of urgency to accomplish more.
There is no follow-up meeting next week. This is it.
At the end of the week, you either get funded or die. Competition is real.
6. Cross-Functional Teams
Each team is staffed with one person from each of the critical functions:
- business analyst
- investment partner "the decider"
Each team also has a subject matter expert for the buyer's perspective & feedback.
TLDR on High Alpha venture studio process:
- Sprint Weeks
- Nail the Pitch
- Full Immersion
- Bias Towards Yes
- Survival of the Fittest
- Cross-Functional Teams