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Startup Ecosystems 101
MassChallenge Continuing Education Series
Cory Bolotsky
DRAFT

December 2013
Agenda
• 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.

2
What Makes A Startup Ecosystem?
Entrepreneurs
Startup
Organizations

Expertise

Locations &
Events

Education

Capital

Startup
Ecosystem

Media

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

3
What Makes A Startup Ecosystem?

Capital
•  Human Capital
•  Venture Capital
•  Angel Capital
•  Government Investment (SBIR & SBIC)
•  Corporate Sponsors
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

4
What Makes A Startup Ecosystem?

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

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

5
What Makes A Startup Ecosystem?

Startup Organizations
•  Accelerators & Incubators (MassChallenge)
•  Corporate Incubators / Challenges
•  University Business Plan Competitions
•  Other Innovation Competitions
•  Trade Organizations
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

6
What Makes A Startup Ecosystem?

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

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

7
What Makes A Startup Ecosystem?

Expertise
•  Large Corporations
•  Successful Entrepreneurs (aka Mentors)
•  Service Providers & Consultants
•  Investors
•  Governmental Supporters
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

8
What Makes A Startup Ecosystem?

Locations & Events
•  Co-Working Spaces
•  Coffee Shops & Cafés
•  Community Meetups
•  Startup Galas & Other Events
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

9
What Makes A Startup Ecosystem?

Media
•  Influential Blogs
•  Local Niche Media Outlets
•  Regional & National Media
•  Social Media Influencers
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

10
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
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

11
What is masschallenge’s role?
Side Lesson

What’s difference between an accelerator & incubator?

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

Incubator*
•  4 – 12+ months (less intense)
•  No equity & no funding
(Some charge monthly fees)
•  Smaller mentor network
•  Usually less selective

* These are typical requirements, but not the rule

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

12
HOW TO MAP A Startup Ecosystem
Entrepreneurs
Startup
Organizations

Expertise

Locations &
Events

Education

Capital

Startup
Ecosystem

Media

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

13
THE BOSTON Startup Ecosystem

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

14
Tools AND TRICKS TO USE
•  Startup Digest
•  Startup Weekend
•  Startup Genome
•  Crunchbase
•  Google
•  Facebook Graph Search
•  LinkedIn Advanced Search
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

15
Tools AND TRICKS TO USE
https://www.startupdigest.com/digests

Good for finding
local events
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

16
Tools AND TRICKS TO USE
http://startupweekend.org/events/

Look at most recent
event for sponsors,
speakers & judges.
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

17
Tools AND TRICKS TO USE
http://www.startupgenome.co/

Find companies
and curators
(in some cities)
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

18
Tools AND TRICKS TO USE
http://www.crunchbase.com/search/advanced/companies

Search by city
for companies
and investors
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

19
Tools AND TRICKS TO USE

•  [CITY] Startup Map

•  [CITY] Startup Events

•  [CITY] Top Startups

•  [CITY] Startup News

•  [CITY] Startup People •  [CITY] Startup Guide
to Follow
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

20
Tools AND TRICKS TO USE
Facebook Graph Search

Find friends in
different cities
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

21
Tools AND TRICKS TO USE
LinkedIn Advanced Search

Find colleagues in
different cities
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

22
Tools AND TRICKS TO USE
Further Reading Material:

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

23
HOW TO MAP A Startup Ecosystem

NOW It’s YOUR TURN!
PICK A CITY...
Copyright © 2013, MassChallenge, Inc. All Rights Reserved.

24
MAP YOUR own Startup Ecosystem
Entrepreneurs
Startup
Organizations

Expertise

Locations &
Events

Education

[INSERT
CITY HERE]
Capital

Startup
Ecosystem

Media

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

25
THANK YOU!

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

26

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Startup Ecosystems 101 - MassChallenge Continuing Education Session

  • 1. Startup Ecosystems 101 MassChallenge Continuing Education Series Cory Bolotsky DRAFT December 2013
  • 2. Agenda • 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. 2
  • 3. What Makes A Startup Ecosystem? Entrepreneurs Startup Organizations Expertise Locations & Events Education Capital Startup Ecosystem Media Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 3
  • 4. What Makes A Startup Ecosystem? Capital •  Human Capital •  Venture Capital •  Angel Capital •  Government Investment (SBIR & SBIC) •  Corporate Sponsors Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 4
  • 5. What Makes A Startup Ecosystem? Education •  Colleges & Universities •  Community Education (Startup Institute, GA) •  Online Education Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 5
  • 6. What Makes A Startup Ecosystem? Startup Organizations •  Accelerators & Incubators (MassChallenge) •  Corporate Incubators / Challenges •  University Business Plan Competitions •  Other Innovation Competitions •  Trade Organizations Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 6
  • 7. What Makes A Startup Ecosystem? Entrepreneurs •  Early-stage Startups •  Growth-stage Startups •  Successful Late-stage Startups Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 7
  • 8. What Makes A Startup Ecosystem? Expertise •  Large Corporations •  Successful Entrepreneurs (aka Mentors) •  Service Providers & Consultants •  Investors •  Governmental Supporters Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 8
  • 9. What Makes A Startup Ecosystem? Locations & Events •  Co-Working Spaces •  Coffee Shops & Cafés •  Community Meetups •  Startup Galas & Other Events Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 9
  • 10. What Makes A Startup Ecosystem? Media •  Influential Blogs •  Local Niche Media Outlets •  Regional & National Media •  Social Media Influencers Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 10
  • 11. 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 Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 11
  • 12. What is masschallenge’s role? Side Lesson What’s difference between an accelerator & incubator? Accelerator* •  3 – 4 months •  6-8% equity for $10-$120k •  Most are industry specific •  Large mentor network •  Extremely selective Incubator* •  4 – 12+ months (less intense) •  No equity & no funding (Some charge monthly fees) •  Smaller mentor network •  Usually less selective * These are typical requirements, but not the rule Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 12
  • 13. HOW TO MAP A Startup Ecosystem Entrepreneurs Startup Organizations Expertise Locations & Events Education Capital Startup Ecosystem Media Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 13
  • 14. THE BOSTON Startup Ecosystem Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 14
  • 15. Tools AND TRICKS TO USE •  Startup Digest •  Startup Weekend •  Startup Genome •  Crunchbase •  Google •  Facebook Graph Search •  LinkedIn Advanced Search Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 15
  • 16. Tools AND TRICKS TO USE https://www.startupdigest.com/digests Good for finding local events Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 16
  • 17. Tools AND TRICKS TO USE http://startupweekend.org/events/ Look at most recent event for sponsors, speakers & judges. Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 17
  • 18. Tools AND TRICKS TO USE http://www.startupgenome.co/ Find companies and curators (in some cities) Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 18
  • 19. Tools AND TRICKS TO USE http://www.crunchbase.com/search/advanced/companies Search by city for companies and investors Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 19
  • 20. Tools AND TRICKS TO USE •  [CITY] Startup Map •  [CITY] Startup Events •  [CITY] Top Startups •  [CITY] Startup News •  [CITY] Startup People •  [CITY] Startup Guide to Follow Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 20
  • 21. Tools AND TRICKS TO USE Facebook Graph Search Find friends in different cities Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 21
  • 22. Tools AND TRICKS TO USE LinkedIn Advanced Search Find colleagues in different cities Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 22
  • 23. Tools AND TRICKS TO USE Further Reading Material: Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 23
  • 24. HOW TO MAP A Startup Ecosystem NOW It’s YOUR TURN! PICK A CITY... Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 24
  • 25. MAP YOUR own Startup Ecosystem Entrepreneurs Startup Organizations Expertise Locations & Events Education [INSERT CITY HERE] Capital Startup Ecosystem Media Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 25
  • 26. THANK YOU! Questions? Copyright © 2013, MassChallenge, Inc. All Rights Reserved. 26