In October 2000, thirteen first-time startup founders, from seven Oregon based companies banded together to create Starve Ups, Oregon’s first Startup Accelerator. From day one Starve Ups was built around founders sharing knowledge and expertise directly with other founders. This peer-to-peer mentoring approach led to positive exits for five of the seven original companies: AssetExchange, CoolerEmail, Rumblefish, Versation, and wired.MD. Other founding companies, VIA and eROI are still experiencing strong profitable growth as privately held companies.
After 17 years and 146 companies across three chapters, Starve ups is taking peer-to-peer mentoring to an even higher level. By mentoring member companies to scale across all three stages of their growth, from Survive, to Strive, to Thrive, Starve Ups has become Oregon’s Scalerator.
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 2017 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 18 classes from 2000 to 2017.
Oregon’s 1st accelerator and its only scalerator (end-to-end) is on its way to 20.
Via membership companies and public facing events including Launch Pad.
5 of 7 original founding companies positively exited; 2 profitably remain.
Companies participate 21 times the number of weeks accelerating in scalerator.
After 17 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 Starve Ups membership companies to date.
Industry breakdown to date with the trend moving more to consumer and food.
With 18 different industries represented amongst the 146 companies to date.
At this time amongst membership companies, more than double 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 6 exits since this update one year ago, matching last year.
The most startup exits of any accelerator in Oregon history.
Cutting exactly one year off of the national average time to an exit.
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 26 exits.
26 of 26 exits all had one, if not all, of the original founders leading.
A total of 20 of 26 the exits / liquidity events were angel and/or VC funded.
A total of 15 of 26 exits had sole founders vs. multiple founders.
To date amongst the fastest growing membership companies.
A total of 226 founders launching the 146 membership companies.
Exclusive strategic partners and membership companies paying it forward.
96% Oregon, 3% SW Washington, 1% California membership companies to date.
Initially the Portland Chapter, then Eugene, and now Bend.
The model is end-to-end and is 100% covered for membership companies.
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