Over the past ten years, all net new jobs have come from young, innovative companies. They're the engines of economic growth powering the twenty-first century. Unfortunately, less than 1% of today's university graduates go on to start a company.
Imagine what it would mean for the economy—and for society—if we could double, or even triple, the number of student founders in the coming decade. How are we preparing coming generations to start companies that innovate, create jobs, and revitalize economic growth? Join entrepreneur, investor, and FOUNDER.org creator Michael Baum in his mission to inspire students to chase big ideas and become founders of impactful companies.
3. Software World Wide Web
File Sharing
Outsourcing
Offshoring
Supply-chaining
Insourcing
Informing
Wireless Connectivity
Fall of Communism
4. World economic growth is
World Monetary Fund - June 2013
United
High Income
Japa
Euro
%growth
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
-‐0.5
-‐1.0
2011 2012 2013 2014 2015
7. 54% of US university
graduates
are jobless or under-
8. Innovation is creating
96
97
98
100
101
102
103
105
106
107
Dec ’07
Dec ’12
Monthly Employed Residents
(100 =December 2007 Values)
San
Francisco
County
+6.7%
San Mateo & Santa
Clara Counties +4.6%
California(1.9%)
United States - 2.2%
CA State Economic Development
Department
May 2013 Unemployment
(Rates for total population)
0%
2.8%
5.5%
8.3%
11.0%
Palo Alto
Seattle
Austin
Santa Clara
US
EU
US Bureau of Labor Statistics
9. Nearly all of net jobs
in the US since 1980
have been created by
companies < 5 years old.
“Jobs Created from Business Start-ups in the United States,” Kaufman Foundation, January 2009
10. U.S. Census Bureau, Business Dynamics Statistics and Kauffman Foundation
-6.0M
-4.5M
-3.0M
-1.5M
0M
1.5M
3.0M
4.5M
6.0M
19771979198119831985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005
Entire Economy Startups Without Startups
Startups create 66% of US jobs.
13. Student startup jobs
71,429
142,857
214,286
285,714
357,143
428,571
500,000
3,641 10,92325,487 50,973
89,203
136,990
196,724
265,418
344,417
431,315
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Year 7
Year 8
Year 9
Year 10
Model Assumptions
•Average life span 6 years
•10% of companies survive
•90% of survivors acquired
•10% of survivors IPO
35K jobs per
month
14. The US economy added
195,000 new jobs in June
2013. 18% of the jobs
were created by student
startups.
15. Support for Schools
We provide sponsorship for university run
innovation & entrepreneur programs.
$100K Competition
Our annual competition awards $100K grants
to ten winning companies from our partner
schools.
Founder Skills Acceleration
Every $100K founding team participates in
our
18. How do we decide?
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
Idea
People
Market
Product
Competition
Model
Proof
Roadmap
Entries
Semi Finalists
Winners
30. Founder Skills Acceleration
A 12 month program designed around the “impact gaps” of our
finalist teams.
Class of
2013
Announced
June 2013 August
2013
November
2013
February
2014
May 2014
Q2 Accelerator
Bigger Than Life
Q1 Accelerator
High Performnance
Founding Team.
Q3 Accelerator
A Player Talent
Recruiting &
Management
Q4 Accelerator
Scaling, Fundraising,
Building an Ecosystem
Monthly Industry Mentor Sessions