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Rocket hatch : Year 3+

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High level perspective of the Huntsville, AL startup ecosystem and the influence of surrounding southeast ecosystems

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Rocket hatch : Year 3+

  1. 1. ​Rocket Hatch – Year 3 and Beyond ​Antonio Montoya ​© Rocket Hatch, 2016 2016 Planning Retreat
  2. 2. ROCKET HATCH CIRCA 2016 Where are we almost 2 years after we started? ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ
  3. 3. MOVING FORWARD ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ GROWING OUR COALITION RALLYING AROUND STRATEGIC BATTLES STRENGTHENING OUR RESOLVE
  4. 4. WHERE WE STARTED
  5. 5. OUR INITIAL HYPOTHESIS: We Can Strengthen Our Local Economy Through Startups FEDERAL MANUFACTURING STARTUPS
  6. 6. F E D E R A L E C O S Y S T E M $6B+ PER YEAR 285 companies 25,000 jobs
  7. 7. MANUFACTURING E C O S Y S T E M 220 companies 35,000 jobs
  8. 8. S T A R T U P E C O S Y S T E M 30 – 500? companies 400 – 2,000? jobs
  9. 9. OUR STARTUP ECOSYSTEM HAD ROOM TO GROW
  10. 10. 10,000 8,000 6,000 4,000 2,000 2,000 4,000 6,000 8,000 10,0000 Population 2010 Male Female 90+ 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 <5 OUR DEMOGRAPHICS COULD FUEL OUR STARTUP ECOSYSTEM 20% Millennial 16% Gen X
  11. 11. OUR STARTUP ECOSYSTEM HAS GREAT POTENTIAL BUT REQUIRES A LOT OF WORK Total Population Huntsville Metro 683,871 Graduated College 44.2% 20-35 y/o 139,464 Double Income No Kids 35-45 y/o 90,602 Double Income With Kids 45-55 y/o 109,992 Mid-Life Executive & Spouses Returning to Work Population In Prime Entrepreneurial Age 339,988 If only 10%+ of Potential Entrepreneurs Succeed the economic impactis huge Low Growth Businesses 3,399 x $1M = $3.3B Medium Growth Businesses 339 x $10M = $3.3B High Growth Businesses 33 x $100M = $3.3B 10%*= Potential Entrepreneurs 33,998 LINK: GLOBAL ENTREPRENEURSHIPMONITOR REPORT, BABSON COLLEGE* Combined Economic Potential $10B 3,800 Companies 16,000 Jobs
  12. 12. STARTUP ECOSYSTEMS ARE REGIONAL
  13. 13. WHAT HAVE WE LEARNED?
  14. 14. SUCCESS STORIES TAKE TIME
  15. 15. IT TAKES A TEAM…
  16. 16. … AN ENTHUSIASTIC BOARD, … … AND KEY ADVISORS Ben Jarrell Mary Ramsey Jason Hundley Alan Derrick Drew Chapman Karen Wynne Antonio Montoya Matt Jones Brad Garland Eric Grigorian Ana Aristizabal David Nuttall Monro Lanier Jim Philips Ron Wicks Stuart Obermann
  17. 17. HOW DO YOU KNOW IF IT’S WORKING? BECAUSE IT REPLICATES David Rice
  18. 18. NEW CHAMPIONS ARE EMERGING…
  19. 19. …CONTINUING A LEGACY
  20. 20. UAH HOT Coffee Award – 2014 Causes we wish wecould fund – 2014 LOCAL RECOGNITION… State of the City: Dreamers & Doers – 2015 IDB Grant for Will This Fly? – 2016
  21. 21. CO.STARTERS NETWORK – 2014 N a t i o n a l C O . S T A R T E R S t r a i n e r Alabama Launchpad – 2015 … AND NATIONAL INVITATIONS SXSWAccelerator Advisory Board – 2015 Startup Champions Network – 2016 5 0 B e s t i n C l a s s E c o s y s t e m B u i l d e r s
  22. 22. WHAT IS NEXT?
  23. 23. VENTURE CAPITAL ACTIVITY US, SILICON VALLEY & NEW YORK METRO 2015 $58.8 Billion 4,380 Deals RE CORD H I G H $0 $10 $20 $30 $40 $50 $60 $70 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Billions US Silicon Valley NY Metro PWC / VENTURE CAPITAL ASSOCIATION MONEY TREE REPORT 2015
  24. 24. VENTURE CAPITAL ACTIVITY SOUTH EAST US 2015 $2.3 Billion Southeast $39 Million Alabama PWC / VENTURE CAPITAL ASSOCIATION MONEY TREE REPORT 2015 4 11 39 - 500 1,000 1,500 2,000 2,500 2013 2014 2015 Millions GA NC FL TN SC KY LA MS AL
  25. 25. OVER FIVE MILLION JOBS WILL BE LOST BY 2020 AS A RESULT OF DEVELOPMENTS IN GENETICS, ARTIFICIAL INTELLIGENCE, ROBOTICS AND OTHER TECHNOLOGICAL CHANGE
  26. 26. CHINESE FACTORYREPLACES 90% OF HUMANS WITH ROBOTS, PRODUCTION SOARS July 30th, 2015
  27. 27. STEMIE +INNOVATION +ENTREPRENEURSHIP
  28. 28. HELP US PLAN FOR WHAT’S NEXT!
  29. 29. INNOVATION NEEDS ACCEPTANCE
  30. 30. SHOW US HOW TO GET DOWN!

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