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How they define commercialization is important. > ultimately reach commercialization, defined as having recurring revenue and expenses associated with the sale
by withdavidli 11y ago
How they define commercialization is important.
> ultimately reach commercialization, defined as having recurring revenue and expenses associated with the sale of products and/or services in keeping with the company’s business objective.
How viable something is over the long run and its overall success is different from being able to have it out in the market and get inital paying customers.
Reaching commercialization by this definition and receiving better evaluation from VCs means more funding readily avaiable to get a product out.