ABSTRACT
The mixture of hope, evidence, and personal aspiration that drives the entrepreneurial process forward turns into prescience when the process reaches successful realization. During the entrepreneurial process, external stakeholders and observers play various important roles. They could be early confidants or sounding boards – friends or colleagues – who provide feedback on our thinking. A useful way to understand the entrepreneurial journey, therefore, is as a chain of events – each informing the next – whose effect is multiplicative rather than additive. The passing of time in an entrepreneurial journey is thus defined by the changes relevant to it, and this may bear little relationship to physical time. In venture terms, the flow of time is defined by the milestones of the journey. A day can go by without anything happening on the venture front.
