Accelerators and Angels - Angel Capital Association · Thank you! Audience Questions July 15, 2015,...
94
Accelerators and Angels A perfect match Welcome! June 24, 2015
Transcript of Accelerators and Angels - Angel Capital Association · Thank you! Audience Questions July 15, 2015,...
Accelerators and AngelsA perfect match
Welcome!
June 24, 2015
•Use chat to submit questions
• Yes, you’ll get the slides
•We’re recorded, so come back and listen again
Mission: Fuel the success of angel groups and accredited individuals active in the early-stage landscape
• World’s largest trade group for angel investorso 220+ angel groups
o 12,000 accredited investors
o Voice of accredited individuals, portals, and family offices
• 50 US states + Canada
• Research/ education partner
Member Groups & Accredited Platforms
New Dominion Angels
ACA Partners
GOLD
Our Moderator
Patrick Riley, CEO
Global Accelerator NetworkAdd Photo Here
Angels and Accelerators: The Perfect Match
@rileypat @globalaccelnet
A (very) quick history of startups
@rileypat @globalaccelnet
5K to 3B Years ago when the first startup began*
@rileypat @globalaccelnet
5K to 3B Years ago when the first startup began*
*This is a reference to when the world began.
@rileypat @globalaccelnet
The B-School Business Plan
@rileypat @globalaccelnet
The Corporate Startup
@rileypat @globalaccelnet
Lots of Cash and Time Needed
@rileypat @globalaccelnet
It’s cheaper and easier than ever to build a company
@rileypat @globalaccelnet
$67K
@rileypat @globalaccelnet
$67K Average Initial 6 Month Runway for GAN
startup*
@rileypat @globalaccelnet
$67K Average Initial 6 Month Runway for GAN
startup*
*Salary for two, rent and some cloud hosting
@rileypat @globalaccelnet
Desires from Startups (Millennials)
A Finalized Product
Mentorship
Community
Speed to market ì
@rileypat @globalaccelnet
Let’s Reflect
@rileypat @globalaccelnet
What is a GAN accelerator?
Today, we’ll cover:
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Today, we’ll cover:
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
Today, we’ll cover:
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
Today, we’ll cover:
How can you work with accelerators?
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
How can you work with accelerators?
@rileypat @globalaccelnet
74 Accelerator Members
104 Locations Globally
@rileypat @globalaccelnet
46 North America
3 South America
9 Asia
11 Europe
5 Australia/NZ
@rileypat @globalaccelnet
2,156 Startups have gone through GAN programs
800 companies went through GAN programs
in 2014 alone
@rileypat @globalaccelnet
GAN Accelerators Provide…
@rileypat @globalaccelnet
Great Mentorship
@rileypat @globalaccelnet
Great Mentorship
Short Program (3-6 Months)
@rileypat @globalaccelnet
15 weeks
Average timeframe for a GAN accelerator
@rileypat @globalaccelnet
Great Mentorship
Short Program (3-6 Months)
Product Finalized
@rileypat @globalaccelnet
Great Mentorship
Short Program (3-6 Months)
Product Finalized
Seed Funding
@rileypat @globalaccelnet
$23,859 Average seed capital given to startups by an
accelerator
@rileypat @globalaccelnet
Great Mentorship
Short Program (3-6 Months)
Product Finalized
Seed Funding
Community
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
How can you work with accelerators?
@rileypat @globalaccelnet
$789K Average raised per GAN Startup in 2014
which is up from last year when this figure averaged $701K raised per GAN Startup
@rileypat @globalaccelnet
4.8
months Average time it takes for a company to raise their
next round after completing an accelerator
@rileypat @globalaccelnet
6.7 Jobs per company that went through a GAN
accelerator
@rileypat @globalaccelnet
14,445 Total jobs from companies that went through a
GAN accelerator
@rileypat @globalaccelnet
56% Startups who raised money immediately
after an accelerator
62% of those startups successfully raised over $500K
@rileypat @globalaccelnet
56% Startups who raised money immediately
after an accelerator
62% of those startups successfully raised over $500K
@rileypat @globalaccelnet
<1% All startups who actually raise funding
*HBR (May 2013)
@rileypat @globalaccelnet
79% Who completed a GAN accelerator are
still in business today
@rileypat @globalaccelnet
30% GAN startups raising a second round of funding
@rileypat @globalaccelnet
$1.9M Average 2nd round raise for a GAN startup
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
How can you work with accelerators?
@rileypat @globalaccelnet
6.4 Average startups in each cohort
@rileypat @globalaccelnet
273 Average number of applications for each GAN
accelerator cohort
@rileypat @globalaccelnet
15 weeks
Average timeframe for a GAN accelerator
@rileypat @globalaccelnet
8,736 Total Mentors of GAN Accelerators
@rileypat @globalaccelnet
84 Average Mentors involved with a GAN Accelerator
@rileypat @globalaccelnet
2,359 Mentors spend more than 3 hours per week
at an Accelerator
@rileypat @globalaccelnet
6.3% Average equity stake given to accelerator by
the startup
@rileypat @globalaccelnet
It Takes a Village
@rileypat @globalaccelnet
Accelerator Plans for 2015
@rileypat @globalaccelnet
we expect to continue seeing
More of the above
@rileypat @globalaccelnet
Plans for 2015 - GAN Accelerators
Raise a follow-on fund (65%)
@rileypat @globalaccelnet
Raise a follow-on fund (65%)
Host Multiple Demo Days (63%)
Plans for 2015 - GAN Accelerators
@rileypat @globalaccelnet
Raise a follow-on fund (65%)
Host Multiple Demo Days (63%)
Focus on a specific vertical (59%)
Plans for 2015 - GAN Accelerators
@rileypat @globalaccelnet
Raise a follow-on fund (65%)
Host Multiple Demo Days (63%)
Focus on a specific vertical (59%)
Adding Locations (28%)
Plans for 2015 - GAN Accelerators
@rileypat @globalaccelnet
Types of Startups
@rileypat @globalaccelnet
SaaS
Top Types of Startups Sought for 2015
@rileypat @globalaccelnet
SaaS
Software
Top Types of Startups Sought for 2015
@rileypat @globalaccelnet
Top Types of Startups Sought for 2015
SaaS
Software
Mobile
@rileypat @globalaccelnet
Verticals
@rileypat @globalaccelnet
Top Verticals Sought for 2015
Data / Analytics
@rileypat @globalaccelnet
Top Verticals Sought for 2015
Data / Analytics
Enterprise Software
@rileypat @globalaccelnet
Top Verticals Sought for 2015
Data / Analytics
Enterprise Software
Education
@rileypat @globalaccelnet
What is a GAN accelerator?
Have GAN accelerators done well?
Why or why not?
How can you work with accelerators?
@rileypat @globalaccelnet
Find the best accelerator for you.
@rileypat @globalaccelnet
Before the Accelerator Begins…
@rileypat @globalaccelnet
Get to know the Accelerator MD
@rileypat @globalaccelnet
Send your deal flow (to test them)
@rileypat @globalaccelnet
Choose the companies you want
@rileypat @globalaccelnet
In the beginning of the accelerator…
@rileypat @globalaccelnet
Mentor all the companies
@rileypat @globalaccelnet
But befriend 1-2 companies
@rileypat @globalaccelnet
Throughout the accelerator….
@rileypat @globalaccelnet
Meet with your top companies
@rileypat @globalaccelnet
Attend the pitch sessions weekly.
@rileypat @globalaccelnet
Talk with the MD frequently.
@rileypat @globalaccelnet
Towards the end of the accelerator…
@rileypat @globalaccelnet
Invest. Before Anyone Else.
@rileypat @globalaccelnet
Get your friends excited.
Thank you
Lightning Lab Chat Global Accelerator Trends and Success
Thank you!
Audience Questions
July 15, 2015, Noon Eastern: ACA Member Update – Meet New ACA Chair Christopher Mirabile
August 12, 2015, Noon Eastern: Top VCs and Angels Work Together for Success, Bill Bryant, Draper Fisher Jurvetson and Geoff Entress, Alliance of Angels
Webinar programs archived at:
www.angelcapitalassociation.org/events/webinars/
Additional Resources
Marianne HudsonExecutive DirectorAngel Capital Association
Christopher MirabileManaging Director, Launchpad; Vice Chair, Angel Capital Association
http://www.angelcapitalassociation.org/news-forbes/
http://www.angelcapitalassociation.org/news-inc/
Upcoming ACA Events
October 23, 2015 - Southwest Regional Meeting - Tucson, AZ
November 9 – 10, 2015 – Angel Insights Exchange, New Orleans, LA
http://www.angelcapitalassociation.org/events/
