Starve Ups is founded by 7 companies as an entrepreneurial group where success and sustainability are the model. All of the 7 founding companies are still in Starve Ups and all are profitable.
"Starve Ups Square" event is held in historic Pioneer Square where entrepreneurs could visit 20 tables discussing the key elements of running a start up including business plan writing, financing, etc.
Starve Ups increases membership cap to 15 companies as inquiries are received weekly from new companies wanting to join. Over 40 companies inquire about joining in the first year of the group.
Starve Ups increases membership cap to 18 companies at any given time. This level of capacity was discussed with leaders of other entrepreneurial organizations as the ideal size for a group such as Starve Ups.
"Starve Ups Square II" event runs again in Pioneer Square. Over 500 attendees and entrepreneurs visit tables, each focused on key areas of focus for building businesses including marketing, sales and branding.
Portland State University contracts with Starve Ups Marketing Agency (SUMA) to assist with and consult on opening the Portland State Business Accelerator. The group was approached by PSU to help them launch a traditional business accelerator in a building purchased by the university just outside of downtown Portland. Starve Ups Marketing Agency was contracted with to create a brand identity, necessary marketing materials, the accelerator's site, to garner tenants and to run entrepreneurial events for a 1 year term. SUMA provided all of these services to the university and to the accelerator and brought in 8 tenants including both anchor tenants and helped launch the single largest accelerator in Oregon.
4 teams of individuals from Starve Ups and local entrepreneurs compete to build and sell the most derivative products, based on bayou beads, in one day.
Starve Ups provides Emeritus status to two of its founding membership companies; CoolerEmail and AssetExchange.
This level of capacity was agreed upon by the group as the demand for membership continues to be consistent amongst idea and emerging stage companies. To date around 135+ companies have had interest in the group. In turn the membership capacity needed to be increased, but still needed to remain manageable.
Starve Ups provides Emeritus status to two membership companies; wired.MD and Elsapel.
This event is an idea-stage company crash course camp and is the first of its kind. The event brought founders of 14 diverse idea and emerging stage companies from Oregon and Washington states to a two-day highly intensive and interactive event. The event consisted primarily of 5 expert panels that covered key areas of business focus in the first 1-18 months of a business including Fundraising, Incorporation/Legal Structure, Brand Building, Sales Strategies, and more. The panels were each followed with a highly interactive team event where teams of participants would apply the knowledge just gained from the panel and their results would be voted on. At the end of the day the team with the greatest results won the support of their peers and over $3000 worth of gifted prizes. The greater value for everyone was the resources, network and knowledge gained over the course of the event.
Starve Ups provides Emeritus status to four membership companies: eROI, Rumblefish, viaLanguage and Versation.
Seven teams competed and collaborated over one day to build the branding efforts and to sell a sticker product reading “I Support Haiti” for a local non-profit focused solely on Haiti before and after the earthquake. In the end the teams outperformed any previous Build A Business In A Day results and food and on the ground relief is being sent.
This event is an idea-stage company crash course camp and is the first of its kind (for the 2nd time). The event brought founders of 25 diverse idea and emerging stage companies from Oregon and Washington states to a two-day highly intensive and interactive event. Like last year, the event consisted primarily of 5 expert panels that covered key areas of business focus in the first year and a half to two years of a start up business’ life including Fundraising, Incorporation/Legal Structure, Brand Building, Sales Strategies, and more. The panels were followed by a highly interactive team event where teams of participants would apply their knowledge from the panel and their results would be voted on. At the end of the day the team with the greatest results won the support of their peers and gifted prizes.
October 15, 2010 was the 10 Year Anniversary of Starve Ups from the day the group was co-founded in the lobby of Rumblefish. In attendance on that day were the founders of AssetExchange, CoolerEmail, eROI, Rumblefish, viaLanguage, Versation and wired.MD. Since then all 7 of these companies reached profitability, 6 became multimillion dollar revenue generators, 2 have been acquired for positive investor returns and 1 became an Inc. 500 company.
Today, the group stands at 47 membership companies including past, present and emeritus membership companies. Approximately 85% of those 47 companies are still in business, 65% have reached profitability, 4 have been acquired and 3 have become Inc. 500 companies in total. These stats are the polar opposite of the U.S. nation average where 84-86% of start up companies are not in business after 7 years.
These stats and results are as compelling as they are because of one thing, “peer mentoring”, which is all that the group stands for, excels at and focuses on as a group. It has proven to be the missing link in entrepreneurship and is the undercurrent to how Starve Ups works to get each of our membership companies to: 1) survive the first 18 to 36 months 2) thrive into profitability and expansion and 3) strive for their positive exit.