Welcome to this new episode of Explore! 😎 Thank you for tuning in and for the amazing support. I wanted to let you know that the best way to support this show is to follow this podcast and give it 5 stars on your podcast platform. It will allow others to discover it. 🙏 This episode is unique and does not fit our series of founders interview. Today, I sit down with Dallas Price from Forum Ventures, a venture studio based in North America and focusing on B2B SaaS companies. In this episode, we are exploring the concept of venture studio. We cover everything from defining what a studio is, why it is different from accelerators and incubators, understanding the financial model for GP and for founders, the role of the founder and the relationship with the studio, the startup life cycle, the equity split structure, the investment amount and support from the studio, product development, sales cycle, defining ICP, benefits and drawbacks for founders.. the list is long! This episode is venture studio 101 - everything you need to know to get started! 📈 Want to become an entrepreneur but don’t know to start? This episode is for you! Want to join a studio as an employee? This is also for you! Have a great episode!  Listen on 🟢Spotify. Listen on 🟣Apple Podcast. *****  Thanks to our sponsor ⁠⁠⁠⁠⁠⁠⁠OpenVC.app⁠⁠⁠⁠⁠⁠⁠! 🔥 Use the code "EXPLORE" to get a lifetime 20% discount on their premium membership. Learn more about Explore: ⁠⁠⁠LinkedIn⁠⁠, ⁠⁠Newsletter⁠⁠.  Learn more about Dallas and Forum Ventures⁠⁠⁠. ***** Timestamps:  00:00 Introduction to Venture Studios 03:45 Defining Venture Studios 08:27 Founder's Role and Equity 10:35 Venture Studios and External Programs 13:27 Venture Studio Life Cycle 21:02 Generating Ideas 23:39 Market Research and Validation 26:27 Venture Studio Thesis 28:54 Finding a Founder 31:36 Geographic Location of Founders 33:06 Office Space for Portfolio Companies 34:09 Defining the Ideal Customer Profile (ICP) 36:35 Timeline for Product Development 38:03 Roles and People in a Venture Studio 42:19 Business Model of a Venture Studio 44:47 Success Rate of Venture Studio-backed Startups 47:49 Compensation for Venture Builders 49:42 Ventures Built and Launched by Dallas 51:20 Advice for Entrepreneurs This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit explorepodcast.substack.com