startup ecosystems 101 - masschallenge continuing education session

DRAFT

Startup Ecosystems 101

December 2013

MassChallenge Continuing Education Series

Cory Bolotsky

Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

Agenda

2

• What makes a startup ecosystem?

• What is MassChallenge’s Role?

• How to map a startup ecosystem

• The Boston Startup Ecosystem

• Tools and tricks to use

• Working example

• Questions & Answers

Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 3

Startup Ecosystem

Capital

Education

Startup Organizations

Entrepreneurs

Expertise

Locations & Events

Media

What Makes A Startup Ecosystem?



Capital • Human Capital • Venture Capital • Angel Capital • Government Investment (SBIR & SBIC)

• Corporate Sponsors



Education • Colleges & Universities • Community Education (Startup Institute, GA) • Online Education



Startup Organizations • Accelerators & Incubators (MassChallenge)

• Corporate Incubators / Challenges • University Business Plan Competitions • Other Innovation Competitions • Trade Organizations



Entrepreneurs • Early-stage Startups • Growth-stage Startups • Successful Late-stage Startups



Expertise •  Large Corporations • Successful Entrepreneurs (aka Mentors) • Service Providers & Consultants •  Investors • Governmental Supporters



Locations & Events • Co-Working Spaces • Coffee Shops & Cafés • Community Meetups • Startup Galas & Other Events



Media •  Influential Blogs •  Local Niche Media Outlets • Regional & National Media • Social Media Influencers


What is masschallenge’s role?

• To bridge the connections across the ecosystem • To make new connections & relationships • To ensure entrepreneurs are supported • We touch every node in the ecosystem


What is masschallenge’s role?

What’s difference between an accelerator & incubator? Side Lesson

Accelerator* •  3 – 4 months •  6-8% equity for $10-$120k •  Most are industry specific •  Large mentor network •  Extremely selective

* These are typical requirements, but not the rule

Incubator* •  4 – 12+ months (less intense) •  No equity & no funding

(Some charge monthly fees) •  Smaller mentor network •  Usually less selective


Startup Ecosystem

Capital

Education


Entrepreneurs

Expertise

Locations & Events

Media

HOW TO MAP A Startup Ecosystem


THE BOSTON Startup Ecosystem


Tools AND TRICKS TO USE

•  Startup Digest •  Startup Weekend •  Startup Genome •  Crunchbase •  Google •  Facebook Graph Search •  LinkedIn Advanced Search



https://www.startupdigest.com/digests

Good for finding local events



http://startupweekend.org/events/

Look at most recent event for sponsors, speakers & judges.



http://www.startupgenome.co/

Find companies and curators

(in some cities)


Tools AND TRICKS TO USE http://www.crunchbase.com/search/advanced/companies

Search by city for companies and investors



•  [CITY] Startup Map •  [CITY] Top Startups •  [CITY] Startup People

to Follow

•  [CITY] Startup Events •  [CITY] Startup News •  [CITY] Startup Guide


Tools AND TRICKS TO USE Facebook Graph Search

Find friends in different cities


Tools AND TRICKS TO USE LinkedIn Advanced Search

Find colleagues in different cities


Tools AND TRICKS TO USE Further Reading Material:


HOW TO MAP A Startup Ecosystem

NOW It’s YOUR TURN!

PICK A CITY...


[INSERT CITY HERE]

Startup Ecosystem

Capital

Education


Entrepreneurs

Expertise

Locations & Events

Media

MAP YOUR own Startup Ecosystem


THANK YOU!

Questions?

startup ecosystems 101 - masschallenge continuing education session

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