2. Background - What is an accelerator?
Accelerators: “Incubators with a deadline”
3-4 month program
Heavily advisor/mentor driven
$20k, in exchange for 6% common equity
Concludes with a national showcase event
3. Background - What results have occurred?
Y-Combinator: Best in the business
As of now, 37 Y Combinator companies, out of 511 startups, have valuations
of, or sold for at least $40 million. Currently the total valuation for the 511
startups is $11.5 billion.
Average valuation per accelerated company: $22.5 Million
Average operational outlay/company: $60K
ROI: 375,000%
6. 2013 10X Class
Transition from OSU to Founders Factory
Collaboration: FF – TechColumbus – OSU – 2020 – VC
100+ Applications -> 10 Companies
100+ Mentors, Specialists, Advisors
Innovate Columbus Partnership
Sept 4th – Class Starts
November 15th – Demo Day at OSU with Key Note
7. 10X of the Future
The top 10 successful accelerators have strong
corporate engagement and a sustainable budget
for year round operations, like The Brandery in
Cincinnati... With P&G, PNC, Duke Energy, Marketing
Agencies, etc. as key partners.
How do we do that in Columbus?