$$This week we went over three process design methods $$ EPC, PetriNet, and BPMN$.$ Please use the BPMN method $($following the BPMN notation$)$ to design the process map for the process described in the next slide. Please save your process map in PDF format

The Startup Process

$1.$ The founder identifies a new way to meet customers$$ needs

$2.$ The founder builds a prototype

$3.$ The founder tests the market with the prototype

$4.$ The founder pitches the idea and prototype to a venture capitalist

$5.$ The VC evaluates the idea and potential market, then decide if it is worth investing

$6.$ If yes, the VC provides the Seed Round funding. If no$,$ the founder goes back to tweak the ideas and restart from Step $1.$

$7.$ Once the initial funding is secured, the founder launches the the startup

$8.$ The founder seeks additional rounds of funding to grow the business

$9.$ If the startup is successful, it either launches an IPO or being acquired.

$10.$ If the startup fails, it$$s dissolved.

$11.$ If IPO, the startup sells shares to the public. If it is acquired, it$$s merged into the buying company.