Initial Venture is a term used to describe the first attempt at something, usually a business venture. It is also known as a FORAY, which is a five letter word. A FORAY is defined as a sudden or irregular invasion or attack, especially a military one. It can also be used to describe a venture into an unfamiliar area or field. Initial Venture is often used to describe the first steps taken in a new business venture, such as launching a product or service. It is also used to describe the first steps taken in a new field of study or research.