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10X 
Business 
Accelerator
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
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%
Not Just Silicon Valley
10X Success – 3 classes
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
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?

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10x create update (michael schott mac bookpro's conflicted copy 2013-07-10)-1

  • 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%
  • 5. 10X Success – 3 classes
  • 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?