Starve Ups was Oregon's first startup accelerator, is still its only scalerator, and has been built upon its cornerstone of "proven peer mentoring for founders", which is exactly what Starve Ups stands for, excels at, and focuses on as a group. Starve Ups was launched by founders, and is solely for founders, of innovative and disruptive startups in all industries. The group works tirelessly to statistically change the game for founders and to make their startups exponentially more successful in a more efficient and effective ecosystem.
Since its founding on October 15, 2000, Starve Ups has been the accelerator to 131 startup member companies, in 18 different industries, from all around Oregon and SW Washington. Of those 131 Starve Ups companies, 81% are still in business, nearly 2/3 have raised angel and/or VC rounds of funding, and 20 of our membership companies have been positively mergered, acquired or have gone public.
To date, the Starve Ups membership companies have collectively raised $455M in angel and VC capital. And the enterprise value, at the time of the 20 exit events of Starve Ups companies, was $822M for investors and shareholders. The success rate of Starve Ups literally flips the national averages where after 8 years 83% to 86% of all startups fail, just over 14% successfully raise angel and VC funding, and just over 4% positively exit.
It is simple, the end-to-end full lifecycle approach, known as a scalerator, of Starve Ups is to support each of our membership companies to SURVIVE the R&D and launch phase, to STRIVE to profitability and expansion, and to THRIVE to their positive exit or existence. Today, over a decade and a half later, Starve Ups companies are 6 times more likely to stay in business, 5 times more likely to garner angel and VC funding, and nearly 3.5 times more likely to be acquired via a positive exit than other startups nationally...all without taking equity or charging a single fee.