Startupfest 2019 - The real impact of accelerators on a global basis
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JF Gauthier (Founder and CEO, Startup Genome) While accelerators focus on increasing startup success they also can have a real impact on their ecosystem. We will discuss the latest data-driven insights on their dual impact leveraging our global data from startup founders and Impact Insights (private scorecard service for accelerators).
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Startupfest 2019 - The real impact of accelerators on a global basis
- 1. The real impact of accelerators globally JF Gauthier Founder and CEO, Startup Genome startupgenome.com
- 2. $ 200B $ 150B $ 100B $ 50B Concentration of Exit Value in Tech TOP 100 CITIES EXIT VALUE (USD) San Francisco New York London & Beijing Boston Tel Aviv
- 3. The success of your startup should not depend on your region, gender, ethnicity or social background. We aim to spread the genome of thriving startup ecosystems. Everywhere.
- 4. Let‘s accelerate and celebrate startups everywhere
- 5. Cracking the Code The Success Factors of a Startup Ecosystem RESOURCES TEAM LOCAL ECOSYSTEM NETWORKS (Knowledge flow) PERFORMANCE LOCAL CONTEXT RESOURCE ATTRACTION STARTUP EXPERIENCE TALENT FUNDING FOUNDER ORGANIZATIONS LOCAL CONNECTEDNESS GLOBAL CONNECTEDNESS GLOBAL MARKET REACH ECOSYSTEM VALUE STARTUP OUTPUT ECONOMICIMPACT RESOURCE RECYCLING EXITS
- 6. What do we want from Accelerators? Ecosystem Success Factors RESOURCES TEAM LOCAL ECOSYSTEM NETWORKS (Knowledge flow) PERFORMANCE TALENT FUNDING FOUNDER ORGANIZATIONS LOCAL CONNECTEDNESS GLOBAL CONNECTEDNESS GLOBAL MARKET REACH STARTUP EXPERIENCE (Know-How)
- 7. TIME >2x revenue growth for startups with High vs. Low Local Connectedness Sub-Factors ● Sense of Community ○ Help each other and from investors & experts ● Local Relationships ○ Quality relationships NATIONALLY FOCUSED <50% GLOBAL CUSTOMERS More Locally-Connected Startups Grow 2X Faster
- 8. Global Founder survey (15,000+) shows Accelerators form a tighter community with significanty more relationships Founder Relationships Investor Relationships Expert Relationships 25% more 25% more 13% more
- 9. ...with a positive culture and sense of community where Founders, Investors and Experts help Founders Founders Helping Founders Intro to Customers & Investors Investor & Expert Help 36% more 46% more 35% more
- 10. Market Reach & Global Connectedness vs. Exit Value EXIT VALUE INDEX MARKET REACH SCORE 2017 High-performing Startup Ecosystems: Globally-Connected & Target Global Markets
- 11. GLOBAL MARKET REACH = Realize Potential % of Out-of-Continent Customers ECOSYSTEM VALUE GLOBAL CONNECTEDNESS = Global Potential Number of entrepreneur relationships in top ecosystems Global Connectedness builds Global Potential Realized through Early Global Market Reach
- 12. MONTHLY REVENUE TIME Startups that Go- Global early and focus on foreign customers achieve 2x Faster Revenue Growth = accelerate + more likely to become scaleups B2B Startup Revenue Growth vs. Global Market Reach GLOBALLY FOCUSED >50% FOREIGN CUSTOMERS NATIONALLY FOCUSED <50% FOREIGN CUSTOMERS
- 13. Accelerators also also help Founders build a more global community (Global Connectedness) Top Ecosystems are Silicon Valley, NYC, London, Berlin, Tel Aviv, Singapore and Shanghai Meetings w/ Global FoundersConnections to Top EcosystemsInternational Travel 32% more 60% more 85% more
- 14. But many accelerators do not emphasize or help with going-global early Foreign Customers 7% more
- 15. Join our mission Read the report at startupgenome.com
- 16. THANK YOU!