Venture Studio 101 - Dallas Price (Forum Ventures)

Welcome to this new episode of Explore! 😎Thank you for tuning in and for the amazing support. I wanted to let you know that the best way to support this show is to follow this podcast and give it 5 stars on your podcast platform. It will allow others to discover it. 🙏This episode is unique and does not fit our series of founders interview.Today, I sit down with Dallas Price from Forum Ventures, a venture studio based in North America and focusing on B2B SaaS companies. In this episode, we are exploring the concept of venture studio. We cover everything from defining what a studio is, why it is different from accelerators and incubators, understanding the financial model for GP and for founders, the role of the founder and the relationship with the studio, the startup life cycle, the equity split structure, the investment amount and support from the studio, product development, sales cycle, defining ICP, benefits and drawbacks for founders.. the list is long! This episode is venture studio 101 - everything you need to know to get started! 📈Want to become an entrepreneur but don’t know to start? This episode is for you! Want to join a studio as an employee? This is also for you!Have a great episode! Listen on 🟢Spotify.Listen on 🟣Apple Podcast.***** Thanks to our sponsor ⁠⁠⁠⁠⁠⁠⁠OpenVC.app⁠⁠⁠⁠⁠⁠⁠! 🔥Use the code "EXPLORE" to get a lifetime 20% discount on their premium membership.Learn more about Explore: ⁠⁠⁠LinkedIn⁠⁠, ⁠⁠Newsletter⁠⁠. Learn more about Dallas and Forum Ventures⁠⁠⁠.*****Timestamps: 00:00 Introduction to Venture Studios03:45 Defining Venture Studios08:27 Founder's Role and Equity10:35 Venture Studios and External Programs13:27 Venture Studio Life Cycle21:02 Generating Ideas23:39 Market Research and Validation26:27 Venture Studio Thesis28:54 Finding a Founder31:36 Geographic Location of Founders33:06 Office Space for Portfolio Companies34:09 Defining the Ideal Customer Profile (ICP)36:35 Timeline for Product Development38:03 Roles and People in a Venture Studio42:19 Business Model of a Venture Studio44:47 Success Rate of Venture Studio-backed Startups47:49 Compensation for Venture Builders49:42 Ventures Built and Launched by Dallas51:20 Advice for Entrepreneurs This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit climateventuresvco2.substack.com