Numerous stage models have attempted to clarify management priorities during the early stages of companies. However, a need for more focused and contextspecific studies exists. This study seeks to clarify the early stages of technologyintensive companies in in Thai and Finnish contexts. To summarise the research questions, the authors ask: What early stages do technology-intensive companies face based on recent empirical literature? How do the experiences of managers in early-stage technology-intensive companies relate to assumptions of such stage framework? What viewpoints should be considered when using stage framework in Thai and Finnish contexts? To answer these questions, this study devises a four-stage framework describing early stages of technology-intensive companies and reflects it through ten case studies in the two contexts. The framework was found to be applicable in both contexts; moreover, an analysis of context-specific viewpoints is also provided. It is necessary to recognise these viewpoints when using this framework in the Thai and Finnish contexts.