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What is the Startup America Partnership

What is the Startup America Partnership A movement by entrepreneurs, for entrepreneurs – launched 1.31.11, at the White House to help inspire and celebrate entrepreneurs

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What is the Startup America Partnership

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  1. What is the Startup America Partnership A movement by entrepreneurs, for entrepreneurs – launched 1.31.11, at the White House to help inspire and celebrate entrepreneurs An independent, private sector entity – leveraging the work of our close partners in the U.S. government, but with the fierce freedom and agility that define American Startups themselves An organization focused on bringing the private sector together to maximize the success of America’s entrepreneurs and thus maximizing America’s global competitiveness. Our Mission
  2. While we are taking steps to encourage the creation of new startups, our principal focus is on supporting the entrepreneurs who are leading existing firms with high-growth potential (what we call “speedups”). Startup America Partnership Focus Our Focus
  3. Startup America Objectives Provide resources, access and connections to help young companies grow Support local startup communities throughout the country to help them become as strong as possible and create an interconnected network for collaborating nationally Recognize startups as the drivers of our economy and celebrate them and their founders as American heroes Strong, Connected Startup Communities Direct Support to Help Startups Grow Evangelism & Celebration Startups + Growth = Jobs Startups + Growth = Jobs
  4. Available to Startups now: 60+ Companies making over $1.2B Commitments Partners – Helping Startups Grow
  5. Services Customers Expertise Talent Capital Over $1.2B of free/discounted products & services from dozens of national partners Daily webinars through Learning Series delivered by nationally renowned topical experts Unique access and connections to people, events and opportunities that can put our startups on the national stage Support for Startups
  6. Get registered – www.s.co Startup America Companies
  7. Launched (18) Calendared (4) Committed to Launch (12) In Discussions (14) Startup America Regions
  8. Startup America Support
  9. Fundamentals Leaders & Feeders Community-owned Bottom-up Open source Everyone knows & helps each other Startups at the center People, culture, silos Execution Celebration Give & Get Startup America Regions
  10. Becoming a Startup America Region Gather the entrepreneurs Evaluate your communities Hosting a working group discussion Identify champions (locally and statewide) Get companies registered at s.co Plan a launch with Startup America team Create your virtual front door and social media Plan your execution Celebrate your startups and successes Forming a Region
  11. 9 Point Evaluation Community Evaluation
  12. Overall View of The Ecosystem
  13. Consensus – Top Areas to Improve…
  14. Examples Unlocking latent capital -- DC Raising awareness / celebration – IA, MI Statewide mentor network – VA, TN Getting students into the startup talent pipeline – CO, MA Corporate engagement with startups – VT, CT Engaging the media as storytellers – TN Mapping existing resources – FL Breaking down silos/competition between communities – TX, FL What the Regions are Working on
  15. Ecosystem Discussion Leadership 1 3 5 No entrepreneurs prepared to lead Entrepreneurs not connected to one another, not giving back Little or no network among them Some iconic or serial entrepreneurs interested in leading, making changes, giving back Some working relationships exist within the community Many iconic, serial entrepreneurs visible, accessible, giving back Everyone knows each other and is collaborative and supportive Strong Startup Communities
  16. Leadership Insert discussion Pennsylvania Communities
  17. Ecosystem Discussion Specialized Intermediaries 1 3 5 Little/no network of mentors, advisors Few/no incubators or accelerators Growing number of mentors, advisors with varying degrees of expertise/value, but not covering all stages, sectors, demographics or geographies Some incubators / accelerators with limited accessibility and efficacy Significant numbers of well-respected mentors, advisors giving back across all stages, sectors, demographics, and geographies Large number of effective, visible, well-integrated accelerators / incubators Strong Startup Communities
  18. Specialized Intermediaries Insert discussion Pennsylvania Communities
  19. Ecosystem Discussion Network Density 1 3 5 Entrepreneurs are isolated from each other and from support organizations Growing community of successful startups and entrepreneurs, but not across sectors, demographics, geography Average connectivity of community of investors, advisors, mentors, and other supporters Dense, well-connected community of startups and serial entrepreneurs. Robust, engaged and visible community of investors, advisors, mentors, supporters Cross-sector, Cross-demographic, cross-cultural engagement. All willing to give back Strong Startup Communities
  20. Network Density Insert discussion Pennsylvania Communities
  21. Ecosystem Discussion Government 1 3 5 Few policies, programs or legislation focused on young companies Most entrepreneurs view policies and programs as either inaccessible or barriers to growth Average government support for / understanding of significance of startups to economic growth. Some programs / policy initiatives in place. Some entrepreneurs feel they have to work around government bureaucracy Strong government support for / understanding of significance of startups to economic growth. Supportive policies in place covering economic development, tax, investment vehicles Entrepreneurial community feels valued Strong Startup Communities
  22. Government Insert discussion Pennsylvania Communities
  23. Ecosystem Discussion Talent 1 3 5 Area is losing talent, cannot retain young people Lack of university connection to the community No large companies with which to work Startups struggling to find talent and often move away as a result Average talent pool with many gaps in areas of expertise Universities have uneven track record as resource for talent for startups Large companies not particularly engaged Startups often struggle to find talent with appropriate expertise Broad, deep talent pool for all level of employees in all sectors and areas of expertise Universities excellent resource for startup talent and well connected to community Large companies are feeders of mature, experienced talent Strong Startup Communities
  24. Talent Insert discussion Pennsylvania Communities
  25. Ecosystem Discussion Support Services 1 3 5 Few / no professional services No visible mentors, advisors Entrepreneurs generally unable to find affordable quality services, office space; struggle with basic operating needs Professional services exist but without direct focus on startups Few act as advisors, mentors Special programs few and far between Access to services and space often an issue Professional services (legal, accounting, real estate, insurance, consulting) are integrated, accessible, effective Many serve as advisors Special programs exist specifically for startups Access to services is rarely an issue Strong Startup Communities
  26. Support Services Insert discussion Pennsylvania Communities
  27. Ecosystem Discussion Opportunities for Engagement 1 3 5 Few opportunities for engagement Poor attendance and visibility Significant changes needed to drive engagement in the startup community Events exist for entrepreneurs and community to connect but primarily focused on one sector. Visibility and attendance vary across demographics and geography Some venues exist for informal meet-ups and connection Large numbers of events for entrepreneurs and community to connect Highly visible, authentic, high participation Significant venues for community to connect Meetups, pitch days, conferences, happy hours, startup weekends, bootcamps, celebrations, competitions Strong Startup Communities
  28. Opportunities for Engagement Insert discussion Pennsylvania Communities
  29. Ecosystem Discussion Companies 1 3 5 Little to no productive relationship between corporations and entrepreneurs Or no large companies within the region Local large corporations don’t act as a primary market for startups Corporations provide support for entrepreneurs, but improved collaboration is needed Proven track record of working with startups Specific departments and programs exist to encourage cooperation with high growth startups Big businesses act as key customers for startup firms Establish and productive communication channels Strong Startup Communities
  30. Companies Insert discussion Pennsylvania Communities
  31. Ecosystem Discussion Capital 1 3 5 Close to non-existent Gaps in all sectors and all levels Quality, visibility and engagement are all low to non-existent Average community of capital, with gaps in sectors and at certain levels. Quality and knowledge level of investors varies significantly Strong, dense and supportive community of VC’s, angels, seed and other forms of financing available, visible and accessible across sectors, demographics and geography Strong Startup Communities
  32. Capital Insert discussion Pennsylvania Communities
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