How accelerators work — an insider's view
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The document provides an insider's view of how accelerators operate, focusing on the selection criteria for startups and the value propositions offered, such as mentorship and access to networks. It outlines the challenges startups face, including the need for predictable growth and differentiation. Additionally, it describes the typical acceleration program structure and associated partnerships.
How accelerators work — an insider's view
- 1. How accelerators work, an insider’s view Maxime Pico Startup guide and ex-STARTUP42 Managing Director maxime@startup42.org — @maximepico
- 2. this morning 1. Who are the customers? 2. How are the startups selected? 3. What are their problems? 4. What value proposition is offered? 5. How is it charged? 6. What is an acceleration program? 7. Who are the partners? 8. What are the key activities and ressources? 9. Results and examples 10. Ressources (if enough time) 11. FAQ (if enough time)
- 3. Who are the customers?
- 4. 4 « Software is eating the world » — Marc Andreessen
- 6. 6 The “I’m a startupper” starter pack
- 7. 7 wait, what is a startup? « A startup is an organisation formed to search for a repeatable and scalable business model » — Steve Blank
- 8. 8 what is the focus of SU42? Early-stage startups lead by hackers who want to start an enterprise startup with a technological innovation
- 9. How are the startups selected?
- 10. 10 what is a good startup? 1. Traction 2. Team experience 3. Team/market fit 4. Team/product fit 5. Team bond 6. Team balance 7. Unfair advantages 8. Mindset 9. Implication 10. Timing 11. Ambition
- 11. 11 what about SU42? 1. Team/product fit 2. Unfair advantages 3. Team experience 4. Team/market fit 5. Team bond 6. Team balance 7. Mindset 8. Implication 9. Timing 10. Ambition
- 12. 12 what is the process? 1. Online form 2. (Call) 3. Pitch 4. (Due diligence)
- 14. What are their problems?
- 15. 15 They want to succeed ASAP
- 16. but what does success mean? ??? 16
- 17. 17 success? Predictable Growth Raising funds at increasing valuations Being Acquired IPO
- 18. 18 failure? No obvious differentiator No IP or barriers No founder diversity Not a sexy market No ability to go international
- 20. What value proposition is offered?
- 21. speed your way to success 21 Get an easy access to: Network Money Flexibility Mindset
- 22. speed your way to success 22 Get an easy access to: Network Money Flexibility Mindset !"
- 23. at SU42 23 Test your market in a few months thanks to: Network Flexibility Mindset
- 24. How is it charged?
- 25. 25 the typical Business Model Taking ownership in the accelerated companies ex: YC’s 120k$ for 7%
- 26. at SU42 26 Introductory fees and sponsoring
- 27. What is an acceleration program?
- 28. 28 the typical Program 3-6 months Mentorship Kickstart & Demo Day
- 29. 29 the typical differences Network Batch size Ressources (money, services and perks)
- 30. at SU42 30 Typically 4-month program Unique mentorship style Ad Hoc network No investment
- 31. a week at SU42 31 Weekly Review Office Hour 3 Mentor Sessions Intro to corporates
- 32. Who are the partners?
- 33. an accelerator works with 33 BAs VCs Corporates Services Schools Events Journalists Communities
- 34. at Startup42 34 A few of our partnerships: EPITA Gemalto Econocom Partech
- 35. What are the key activities and ressources?
- 36. they need to be the best at… 36 Networking Educating Driving-communities Picking startups
- 37. at SU42 37 Educating tech-founders Picking tech “raw-diamonds”
- 40. 40 success stories from SU42
- 41. 41 the most famous accelerators
- 42. 42 Maxime Pico +336 62 66 71 34 maxime@startup42.org @maximepico www.startup42.org
- 43. Ressources
- 44. How to start a startup
- 45. 45 books
- 46. 46 books
- 47. 47 books
- 48. 48 books
- 49. 49 blogs Paul Graham Y Combinator Posthaven Ash Maurya Andrew Chen Steve Blank Neil Patel
- 51. 51 videos How to Start a Startup Google Ventures Startup Foundation This Week In Startups Pioneers, Le Web, Slush…