Changes

#'''Seed Stage''': "The initial stage. The company has a concept or product under development, but is probably not fully operational. Usually in existence less than 18 months." #'''Early Stage''': "The company has a product or service in testing or pilot production. In some cases, the product may be commercially available. May or may not be generating revenues. Usually in business less than three years" #'''Expansion Stage''': "Product or service is in production and commercially available. The company demonstrates significant revenue growth, but may or may not be showing a profit. Usually in business more than three years." #'''Late Stage''': "Product or service is widely available. Company is generating on-going revenue; probably positive cash flow. More likely to be, but not necessarily, profitable. May include spin-offs of operating divisions of existing private companies and established private companies."