Let's look at the specific differences between venture capital companies and business incubation companies.
Financing: direct financing, such as cash injection; Provide funds indirectly, such as paying salaries, developing products and paying marketing expenses.
Product development: the startup company is required to provide a prototype. If it is not the core development team of MVP startup incubator company, it can jointly develop products with the startup company or independently develop products.
Office space and recruitment: you can recruit senior executives, provide consulting for startup companies, and do not provide office space; Provide joint office space and talents.
Marketing: no marketing strategy is provided; Provide early marketing strategy.
Training and guidance: usually only guidance is provided; Provide guidance and training.
Management: do not provide relevant content; Start-up companies should join the management system of business incubation companies.
Corporate culture: created by entrepreneurs themselves; First, adopt the corporate culture of the startup incubator company until the startup company has its own employees and can operate independently.
Number of users: there must be a certain user base; Not a prerequisite, strategic partnership, commitment and experience are more important.
Equity: take less equity; Take more equity.
Risk sharing: low risk; Take more risks.
Industry preference: the portfolio can be diversified; Very targeted.
Expectations for entrepreneurs: return on investment; The speed of implementation and expansion is very important.