Studios are similar to single startups in that the management team at the studio works hand-in-hand with the founding team of each portfolio company. We are involved in the day-to-day operations and, therefore, view the studio as an additional “co-founder” in the startup. This is obviously different from an incubator or VC, where founders receive some degree of support but are left to their own devices to make day-to-day decisions.
Don’t be mislead by the many names people use to identify startups studios — e.g. startup factories, startup foundries, company builders, venture builders, etc. Some authors have tried to differentiate these terms, but we don’t believe there is a consensus on the exact differences. Moving forward, we will use these terms interchangeably.