Although the concept of venture studios has been around for more than two decades, seed accelerators were the dominant startup program model. Essentially, the main characteristic of seed accelerators, which is their tendency to disperse the investing capital among numerous startups, made them more approachable, but not necessarily more effective.
Accelerators are prepared for the vast majority of their startups to never pass the starting point, waiting for those that have to eventually grow to become businesses worth investing in.
Venture studios, on another hand, pick and choose their clients more carefully, and work the benefit of a less divided focus in terms of both commitment and financial investment.
ConvrtX is one of the world’s leading business-focused venture studios that has collaborated with some of the biggest names in the industry, including Apple, Google, Stripe, AWS, SkyPower Global, Moodwater, StayBusy, ShiftR, and many others.
Josh Adler, ConvrtX’s CEO, was featured in Disrupt’s article, where his mission of scaling startups was revealed to a broader audience:
“Adler’s mission goes beyond throwing money at startups – he aims to think more holistically about bringing projects to scale. ConvrtX’s team works to nurture startups from the ground up while helping them identify and pursue funding sources.”
Scaling is paramount to both the success and growth of any business; even though the scope of relevant parameters remains the same, the supply, demand, and the need for newer, more up-to-date technologies call for brands to be able to adopt new strategies.
Adler emphasizes the need for a successful marriage between a great business idea and a great business strategy. Each of these ingredients plays a vital role in the development of any business – creativity sparks genius designs and concepts while strategies are meant to glue them together into a coherent whole.
Many CEOs of remarkably successful companies have voiced their opinions on how ConvrtX helped them lift their startups off the ground. Laurent Favre, CEO of ViewDuck, expressed that the brand worked diligently and has helped his company tremendously, stating:
“ConvrtX has worked very hard on my project and has executed it very well so far. They are open to discussion and are excellent listeners. They go beyond their services to help the project succeed. ConvrtX helped me a lot. I couldn’t have gotten to where I am now with my startup without their support.”
Carter Olive, the CEO of Stay Busy, pointed out that ConvrtX’s friendly, but professional approach has helped his company thrive, stating:
“ConvrtX really cares. I’ve never met a company that I can actually say treats their clients like family.”
ConvrtX has had a tremendous impact in numerous industries, including Fintech, Edu-Tech, Networking Platforms, VR & AR, Blockchain, E-commerce, and more. More information on ConvrtX can be found on the incubator’s Official Website.