“John Nesheim, in his best-selling book High Tech Start Up: The Complete Handbook for Creating Successful New High Tech Companies, concludes from his research that there are 14 stages in taking a venture from idea to IPO, as follows… Chapter 3 of High Tech Start Up, reprinted below, describes the main focus activity, time required, typical participants, help needed, major costs, main risks, output and ROI for each of these stages. Although written for a hi-tech company, this discussion is also generally applicable to most other new ventures.”

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