Existing entrepreneurial methodologies are not creating robust new ventures sufficient to supply the modern economy with innovation, jobs, and wealth creation. It is time for a new model.
VenDev firms can be used by both investors and entrepreneurs to exploit the availability of experienced managers familiar with entrepreneurial environments. Many willing and competent potential start-up managers exist among available executives; they, like venture capital itself, are just inefficiently deployed. The growth of VenDev firms can change all that and finally begin to realize the goal of the entrepreneurial infrastructure: a significant increase in the new venture success rate, and a flow of robust new enterprises creating jobs, wealth, productivity and finally delivering an investment return to all that venture capital.
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