Startup Empire

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Startup Empire

  1. 1. David Cohen Boulder, TechStars, and why VC doesn’t have to matter.
  2. 2. BOULDER What is Boulder known for?
  3. 3. BOULDER
  4. 4. ONTARIO AND BOULDER
  5. 5. COLORADO
  6. 6. DENVER & BOULDER
  7. 7. BOULDER, COLORADO
  8. 8. BOULDER, COLORADO
  9. 9. BOULDER, COLORADO
  10. 10. VENTURE CAPITAL IN BOULDER $311 million in Q1, 2008 Population 125,000 (if you count the 25,000 students at The University of Colorado) That’s about $2,500 of available venture capital person person, per quarter.
  11. 11. VENTURE CAPITAL IN TORONTO $130 million in Q1, 2008 Population 5.5M (really 13M) That’s about $23 of available venture capital person person, per quarter.
  12. 12. THE CANADA VC SCENE
  13. 13. VENTURE CAPITAL INNOVATION
  14. 14. VENTURE CAPITAL INNOVATION
  15. 15. + + + =
  16. 16. And then there was light... Sketchup
  17. 17. And the VCs followed the innovation...
  18. 18. And then there was light...
  19. 19. And then there was light...
  20. 20. BRAD FELD Feld.com AskTheVC.com
  21. 21. BRAD FELD Feld.com AskTheVC.com
  22. 22. JARED POLIS
  23. 23. JARED POLIS $780M $477M
  24. 24. JARED POLIS
  25. 25. Mentorship Driven Seed Stage Investment Fund
  26. 26. MODEL
  27. 27. MODEL
  28. 28. MENTORSHIP 50+
  29. 29. MODEL
  30. 30. MODEL
  31. 31. MODEL
  32. 32. MODEL
  33. 33. MODEL
  34. 34. MODEL
  35. 35. MODEL
  36. 36. MODEL
  37. 37. MODEL
  38. 38. MODEL
  39. 39. COMPANIES 20
  40. 40. PROGRESS 2 summers completed = 20 companies 1 defunct 2 positive exits (Socialthing, Intense Debate) 13 companies angel or VC funded Under $600k invested in 2 years of the program - positive ROI.
  41. 41. BENEFITS About 40 jobs in Colorado created (and probably about 40 more elsewhere) AOL office opening in Boulder post Socialthing acquisition. 9 of the 20 companies have stayed in Boulder permanently. Notoriety for Boulder as a “startup town” brings more stuff to town.
  42. 42. LESSONS Don’t focus on VC. Focus on your product and your customers - you’ll be fine. Your community can be more powerful than you imagine if it works together. Promote your community (blogging, speaking, etc) when you promote your company. Mentorship is the scarce resource that matters. Surround yourself with the best.
  43. 43. Thanks! Twitter: DGCohen23 TechStars

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