Discussion Topic: “Build It, Fund It, Cash Out — Then Do It Again!” New ventures go through distinct phases in their lifecycle, each requiring strategic decisions and careful planning. This phrase — “Build It, Fund It, Cash Out — Then Do It Again!” — captures the entrepreneurial journey from startup to growth, and eventually, exit or reinvestment. Reflect on all three parts of the phrase: What is the role of each step in the lifecycle of a new venture? Why is each one important for long-term success? How do they connect with each other? You may use a real-life example, a hypothetical business, or your own career plans to support your explanation.