accelerators as an api (vancouver aug 2012)
DESCRIPTION
Slides for my talk at the Accelerator Symposium at GrowConf 2012.TRANSCRIPT
500.co/challenge #acceleratorsFTW!
ACCELERATORS AS AN APIPAUL SINGH
500 Startups
@paulsingh・[email protected]・angel.co/paulsingh
500.co/challenge #acceleratorsFTW!
500 STARTUPSGETTING TO KNOW
BECAUSE WE’RE KIND OF A BIG DEAL
PAUL SINGH
@paulsingh・[email protected]・angel.co/paulsingh
500.co/challenge #acceleratorsFTW!
API TO VENTURE CAPITAL & FUNCTIONAL EXPERTISE
THE BIG OPPORTUNITY IN EARLY STAGE TECH INVESTING:
(FOR FOUNDERS. FOR INVESTORS. FOR GOVERNMENT.)
500.co/challenge #acceleratorsFTW!
BUILD SOMETHING PEOPLE WANT
FOUNDERS:
500.co/challenge #acceleratorsFTW!
WRITE CHECKS AND ADD VALUE
INVESTORS:
500.co/challenge #acceleratorsFTW!
MAKE LIFE EASY FOR INVESTORS & FOUNDERS
GOVERNMENT:
500.co/challenge #acceleratorsFTW!
VENTURE CAPITAL IS OPEN TO ATTACK BY DISRUPTIVE NEW BUSINESS MODELS AND TECHNOLOGY.
“
-- NAVAL RAVIKANT (@naval)
500.co/challenge #acceleratorsFTW!
(R)EVOLUTION IN THINKING
500.co/challenge #acceleratorsFTW!
EARLY STAGE STARTUPS
HAVE CHANGED
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STARTUP COSTS LOWER THAN EVER
BUT SCALING STILL COSTS MONEY
CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING
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WEB GETS BIGGER.WORLD GETS SMALLER.
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TRACTION IS THE NEW INTELLECTUAL PROPERTYPLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE.
NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.
500.co/challenge #acceleratorsFTW!
CAPITAL INCREASINGLY COMMODITIZED
RISE OF THE ANGELS, YO!
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NEW REALITY: MONEY FOLLOWS
FOUNDERS
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EARLY STAGE VCIS CHANGINGHAS CHANGED
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STATE OF THE ART IN EARLY STAGE INVESTING IS NOT
VERY SOPHISTICATEDTRUST REFERRALS. MOVE FAST. KEEP LEGAL/FINANCE SIMPLE.
BUILD RELATIONSHIPS WITH OTHER INVESTORS, SYNDICATE EVERYTHING.
500.co/challenge #acceleratorsFTW!
DIFFERENTIATE VIA ACCESS TO
FUNCTIONAL EXPERTISE500 METHOD: FOCUS ON DESIGN, DATA, DISTRIBUTION. INVEST IN
DEVELOPMENT OF TOOLS TO CONNECT FOUNDERS AND MENTORS.
500.co/challenge #acceleratorsFTW!
PRO TIPFOUNDERS NEVER CALL
A VC “JUST” TO ASK HOW THEY’RE DOING
FIGURE OUT WHAT THEY WANT, THEN DO SOMETHING ABOUT IT.
500.co/challenge #acceleratorsFTW!
THE MANAGEMENT TEAM ISN’T THE DECISION MAKING TEAM. IT’S A SUPPORT FUNCTION.
“-- JOEL SPOLSKY (@spolsky)
500.co/challenge #acceleratorsFTW!
API TO VENTURE CAPITAL & FUNCTIONAL EXPERTISE
THE BIG OPPORTUNITY IN EARLY STAGE TECH INVESTING:
(FOR FOUNDERS. FOR INVESTORS. FOR GOVERNMENT.)
500.co/challenge #acceleratorsFTW!
500.co/challenge
500.co/challenge #acceleratorsFTW!
ACCELERATORS AS AN APIPAUL SINGH
500 Startups
@paulsingh・[email protected]・angel.co/paulsingh