This study is based on the assumption that new small firms are usually highly vulnerable and that the early processes of firm development can be investigated based on the venture’s degree of maturity according to different parameters that together forms a unity. Our aim is to investigate the following issues: (1) if and how the firms in our sample have developed according to our parameters dealing with the venture per se (e.g. business idea, offer, organisation and market issues), the team behind the venture and the surrounding network of the venture, (2) how the dynamics between these parameters work over time.