What is a venture studio?

A venture studio is a business model where a team of experts from various industries come together to launch and develop new businesses. It’s like a mix of a startup accelerator and a design firm. Think of it as a team of entrepreneurs working together to come up with ideas, create innovative products, and launch successful businesses. For example, a venture studio might work with a software developer, an engineer, a marketer, and a designer to create a product and launch it. The team would collaborate to come up with ideas and create something that hasn’t been seen before. They would use their combined expertise to develop the product, test it, and launch it. Venture studios are becoming increasingly popular, with more than $10 billion invested in venture studio startups in 2020. Venture studios offer the benefit of having a team of experts from various fields come together to create something new. This way, the chances of success are much higher. Fun fact: Such a team at a venture studio is often called “The Dream Team” because it has the potential to create something extraordinary.