Ultimately, venture studios are tasked with staying steps ahead of the market and anticipating the needs of companies or consumers. The idea behind the venture studio business model is that the studio is “creating its own luck” and starting the companies that the venture studio believes are viable and have a chance to provide returns for the business. After an idea is validated, the venture studio supports the company financially and via hands-on, operational services. In a venture studio setting, a built-in team exists to constantly ideate, test, and eventually execute on these business ideas. Accelerators generally wait for an idea to come to them, brought by a founder who may have already started a company around the idea. Venture studios differ from accelerators in a few ways, but one of the biggest distinctions between the two is the way companies are formed.
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