The following are Venture Stages as defined by UpStart:
Idea Stage
The idea stage is the first step to starting a venture. A seed has been planted and some ideas are beginning to be tested. The social entrepreneur is still asking questions about the landscape and the market. They have emerging ideas about the social problem they hope to address and can describe what they hope their social impact might be.
Early Stage
Experimentation, exploration and testing are key in the early stage. Some ideas from the idea stage have come to fruition and others are still being developed or refined. The development of the venture and the skillset of its leader in this stage vary widely. The venture may have secured some investors or have a minimalist structure in place. The venture has a clear understanding of the social problem it exists to address and can articulate how it’s activities will lead to positive change.
Growth Stage
Ventures at Growth Stage are focused either on planning for growth or stabilizing at their current size. For any particular venture, this may be demonstrated through steady revenue, an advisory board, formal staff structures, establishing partnerships and collaborations and proven social impact. This stage also involves looking further into the future, such as developing a sustainability or strategic plan for the venture. This stage of the venture comes with a decision point about growth: is the venture preparing to grow and scale at this point? The venture is beginning to be able to understand and demonstrate its social impact using evaluation practices.
Mezzanine Stage
A venture in this stage has achieved a certain level of maturity and possibly a significant financial footprint. In the context of UpStart, a venture in the mezzanine stage may need support with an innovation or adding projects to an otherwise established operation. Elements of the organization may return to the Early or Growth stage of the pipeline. At this stage the venture is not only able to demonstrate its social impact but is using measurement, evaluation and learning practices to inform decisions that improve and deepen its work.
If you need further assistance identifying your stage, please refer to our "What is Your Stage" quiz here!