In October 2000, thirteen first-time startup founders, from seven Oregon based companies, banded together to create Starve Ups, Oregon’s first startup accelerator, and its only scalerator (an end-to-end accelerator).
From resources, founders. day one As investment if Starve all of the Ups sources, founders was built mentor in around Starve ship, founders Ups and are expertise co-founders sharing directly knowledge, in with one other another’s companies.
This highly focused and committed peer-to-peer mentoring approach of the scalerator led to positive exits for six of the seven original companies: AssetExchange (acquired), CoolerEmail (acquired), Rumblefish (acquired), Versation (acquired), VIA (acquired) and wired.MD (acquired). The final other founding company, eROI, is still experiencing strong profitable growth as privately held companies.
It was a statistical impossibility that all 7 founding membership companies would survive, and even exponentially more so that all 7 would reach profitability. And many degrees of magnitude less likely that 6 of the 7 would exit positively to the tune of nearly $60M for shareholders.
After 19 years, and 198 companies across three chapters, Starve Ups has taken the end-to-end accelerator and its refined peer-to-peer mentoring model to an even higher level. It now scales startup companies from 20 industries, as membership companies, through all three stages of their growth, from Survive, to Strive, to Thrive, all for no equity and no fees.
SURVIVE the first 18 to 36 months where as many as 2/3 of all startups fail, and where the greatest mistakes are made, and the most time is wasted. This is the stage of the startup lifecycle where a good portion of founders seek out an accelerator and seed capital to launch their dream.
This is the stage where Starve Ups helps founders select their corporate structure, build prototypes and MVPs, recruit advisory boards, initially raise funds and/or run crowd funding campaigns, garner early stage vendors, make initial hires, build go to market strategies, etc.
STRIVE into greater sustainability, profitability and expansion, when interest, investment and support tend to slow down and the models take hold. This stage of the startup lifecycle is generally in years 3 through 7, where the majority of founders raise significant rounds & build suitor relationships.
This is the stage where Starve Ups helps founders build upon their marketing strategies, sales processes and sales cycle management, VAR and partnership development, team building efforts, ongoing fundraising rounds, suitor relationship building efforts, advanced strategic development, etc.
THRIVE for their positive exit, IPO or existence strategy, and when our members turn into active investors, seasoned mentors, and close the startup circle. This is the stage of the startup lifecycle generally in years 7 through 12, and is where startups become brands & acquisition candidates.
This is the stage where Starve Ups helps membership companies build their overall exit strategy options, identify buyers, build investment banker relationships, build their value prop for being acquired/merged, and complete their transactions. Then, they work to become angel investors and support the next generation.
As of 2019 Starve Ups, Oregon’s Startup Scalerator, and its membership companies have hit the following milestones and results as a collective:
Accelerated and scalerated over a total of 20 classes from 2000 to 2019.
Oregon’s 1st accelerator and its only scalerator (end-to-end) is on its way to 20.
Via membership companies and public events including Launch Pad and Venture Community.
6 of 7 original founding companies positively exited for nearly $60M and 1 remains.
Companies participate 21 times the number of weeks accelerating in scalerator.
After 19 years equaling any accelerator in the world and outpacing nearly all.
On average 83-86% of startups fail by year 8 bringing no return to shareholders.
Represented amongst the 198 Starve Ups membership companies to date.
A total of 36% of membership is CPG to date with the trend moving more in this direction.
A total of 48% of membership is technology, hardware and sciences focused to date.
At this time amongst membership companies, more than double that total to date.
Between the Starve Ups Chapters in Oregon and public facing events.
Co-founded from day one by a diverse set of founders that continues today.
Three stages of membership companies in the startup lifecycle of the scalerator.
From seed, angels and VCs by the collective membership companies to date.
From angels, angel funds, and VCs by the collective membership.
A total of 4 exits since this update one year ago, two short of last year.
The most startup exits of any accelerator in the Pacific Northwest.
To date with 30 exits netting $1.058B in total shareholder value.
Companies exiting for more than 4 time the national average, which is $8.5M at exit.
Cutting nearly three quarters of a year off of the national average to an exit which is 8.2 years.
Total dollar value for founders and shareholders at the time of the exit events.
For exit events by startup membership companies to date, which is 30 exits.
30 of 30 exits all had one, if not all, of the original founders leading.
A total of 23 of 30 the exits / liquidity events were angel and/or VC funded.
A total of 16 of 30 exits had sole founders vs. multiple founders.
Of the 30 exit events to date, the average return has been 334% to their investors.
Leading to the airing of 3 of the 4 membership companies in total.
One initial public offering listing in 2011 and the other in 2017.
To date amongst the fastest growing membership companies.
A total of 326 founders launching the 198 membership companies.
Exclusive strategic partners and membership companies paying it forward.
Launched the Portland Chapter in 2000, then Eugene in 2013, and then Bend in 2018.
97% Oregon, 2% Washington, 1% California membership companies to date.
The model is end-to-end and is 100% covered for membership companies.
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