Despite the growing popularity of venture studios, our current understanding of the phenomenon is still in its infancy and theoretical frameworks for studying it are lacking. In response, this project provides new insights into this recent phenomenon, and by doing so, will contribute to the broader fields of entrepreneurship and management. First, we lack empirical research on venture studios because a solid description or understanding of phenomenon is missing. In response, my first research objective bridges this gap by means of an exploratory study that describes, classifies, and compares venture studios. Second, while venture studios aim to develop efficient approaches for building startups through strategically sharing resources across their startups, researchers still have to explore how venture studios allocate these resources. In response, in my second research objective, I investigate the resource allocation process in venture studios Third, while practitioners presume that venture studios create startups that are of higher quality than traditional startups, we know surprisingly little about the performance of the startups they build. In response, my third research objective is to investigate impact of venture studio support on startup performance.