With Regard to the Launch Phase of a New Venture

question 9

Multiple Choice

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

---

Definitions:

Negotiating Identities

The process through which individuals reconcile and integrate aspects of their personal or social identities.

Leaders

Individuals who inspire, influence, and guide others in a way that contributes to the achievement of a group or organizational goals.

Followers

Individuals who support and are guided by a leader or a leading group, often within an organizational or movement context.

Formal Authority

Power or the right to give orders, make decisions, and enforce obedience, derived from a formal position or title.