The article examines the evolution of venture business from its inception to contemporary trends driven by digital transformation. It outlines the key stages of development, starting from the mid-20th century and explores the influence of Web 3.0 innovations, including blockchain, decentralized finance (DeFi), and decentralized autonomous organizations (DAOs), on investment processes. The structure of venture funds is analyzed in detail, highlighting the roles of key stakeholders, funding mechanisms such as SAFE (Simple Agreement for Future Equity), SAFT (Simple Agreement for Future Tokens), and convertible notes, as well as the stages of the venture lifecycle. The study emphasizes how emerging approaches to asset tokenization and the implementation of smart contracts are transforming capital management models and contributing to the globalization of venture business. Special attention is given to the legal aspects of venture investments, particularly the role of the Term Sheet in shaping deal conditions. Furthermore, the article discusses how digital technologies reshape traditional practices, facilitate cross-border investments, and enable new stakeholder collaboration. It underscores the potential of Web 3.0 to democratize access to venture capital, create innovative funding opportunities, and foster sustainable growth in the global venture ecosystem. By examining case studies and providing a comprehensive overview of current practices, the study concludes that the integration of Web 3.0 technologies is not only revolutionizing venture capital processes but also redefining the future of the investment landscape.