dc.description.abstract | This work aims at analyzing the development of Brazilian companies of the software industry that had the purpose of developing and overcoming managerial barriers and of the external environment, responsible for the elimination of a great part of the small companies of that industry, after the end of the life cycle of the first product. For that matter, it adopts as theoretical studies about the entrepreneurship and, in special, about the organizations life cycle. The analysis addresses the characteristics of the entrepreneur profile and aspects of the Strategy, of the Management of Persons, of the Structure, of the Marketing and of the Financial Management. The qualification of a company for venture capital investments has been taken as a criterion for the choice of the investigated cases. The analysis is based in the case study of three companies of software that received the venture capital support. The study reveals that the constant search for new market opportunities, the quick marketing adaptation of p | en |