With regard to the launch phase of a new venture, which is the landmark moment for the venture?
A) Having the venture team in place
B) Securing the venture funding
C) The first sale
D) None of the above would be a landmark moment

Question

Quizplus · Accepted Answer

The first sale is the landmark moment for a new venture because it signifies that there is demand for the product or service being offered and that the venture is generating revenue. Having the venture team in place and securing funding are important steps leading up to the launch phase, but they do not necessarily signify the success of the venture.

With Regard to the Launch Phase of a New Venture