Embed Size (px)
Citation preview
© 2018 HubSV
Accelerators and High-Tech Campuses – The Case of Silicon Valley
July 10, 18:00 CEST
Mariianne Crary
Jeff Wallace
© 2018 HubSV
Agenda
➢ Silicon Valley Facts
➢ Sustaining vs Disruptive Innovation
➢ Distinctive Culture in Silicon Valley
➢ Investor Expectations in the Valley
➢ Startup Communities (Berkeley SkyDeck example)
➢ Successful Tech Transfer in the Valley (Stanford)
➢ New ways to be entangled with Silicon Valley’s ecosystem
➢ Questions & Answers
© 2018 HubSV
© 2018 HubSV
Silicon Valley Facts
• $3 Trillion Neighborhood
• Represents World’s 19th Largest Economy
• Startup ecosystem is 3x bigger than New York City,
4.5x bigger than London, 12.5x bigger than Berlin.
• Represents 30% of Global VC Investments
• Multi-Cultural
→ 36.4% of total Silicon Valley Population are
Foreign Born
→ 52.4% of Tech Startups in Silicon Valley are
Immigrant Founded
• “Disrupt or Die” Mentality
Source: The Information Technology and Innovation FoundationBusiness Insider, May 30 2017
© 2018 HubSV
Silicon Valley Facts
• $3 Trillion Neighborhood
• Represents World’s 19th Largest Economy
• Startup ecosystem is 3x bigger than New York City,
4.5x bigger than London, 12.5x bigger than Berlin.
• Represents 30% of Global VC Investments
• Multi-Cultural
→ 36.4% of total Silicon Valley Population are
Foreign Born
→ 52.4% of Tech Startups in Silicon Valley are
Immigrant Founded
• “Disrupt or Die” Mentality
Source: The Information Technology and Innovation FoundationBusiness Insider, May 30 2017
© 2018 HubSV
Silicon Valley Giants
Aerospace / Defense
ApparelAuto-
motiveBiotech Electronic Energy Entertainment Financial Internet Software
© 2018 HubSV
Sustaining vs Disruptive Innovations
Source: The Information Technology and Innovation Foundation, Stephen Ezell
New Solutions
Unexpected Surprises
Experimentation
Leveraging Trends
Constant Improvement
Reliability
Scale
Responding to Trends
Expected Required Possible Impossible Impractical
© 2018 HubSV
Silicon Valley Culture
▪ “Disrupt or Die”
▪ Diversity and multi-culturalism
▪ Failure is accepted
▪ Talented resource pool
▪ Access to Capital
▪ Proximity to industry and academia
▪ Collaboration and openness
▪ Success breeds Success
© 2018 HubSV
Investor Expectations / “Investibility”
▪ A Good Story (telling)
▪ Knowing your pitch and right timing
▪ US Entity & Banking Relationship
▪ Defensibility and Intellectual Property
▪ Winning Team
▪ Market Traction
▪ Board of Advisors
▪ Scale Beyond Borders
▪ Due Diligence Report
© 2018 HubSV
Startup Communities: Incubator vs Accelerator vs Co-Location
Incubator Accelerator Co-Location
Timeframe 6-18 months 3-4 months Unlimited
Purpose
Help ready companies for introduction to an
Acceleratoror
Develops ideas and recruits management teams to bring
them to fruition
To provide capital and guidance / mentorship
Provide office space for numerous startup businesses for rent
Investment $50-$100,000 $20-$125,000 None
Equity Stake Zero – 20% 3% - 8% None
Mentors Yes, but uncommitted Yes, but uncommitted None
ExamplesIdealab,
Berkeley SkyDeck
TechStars,Y-Combinator,
Brandery
WeWork, Rocketspace, Runway,
Plug & Play
© 2018 HubSV
Silicon Valley is a “Brain”
GLOBAL
LOCATION
SILICON
VALLEY
Tech-transfer
Investments
Acceleration
Globally
Competitive Startups
Incubation
Network
Cutting Edge
Technologies
Events
PitchingScreening
De-risking
Partnerships
Cross-border Funds
Innovation Strategies Technology Trends
Unicorns
International
conferences
Jobs - Opportunities
Tech for Good
Exits M&A
Failures
Feedback
Education
ResearchIdea Testing
© 2018 HubSV
HubSV’s Approach to Global Challenges
1. Lack of later stage funding
2. Tech-Transfer challenges
3. Not enough “track-record” expertise available
4. The level we build to, is not high enough
A. Build a pipeline of fundable startups over 5+ years with Silicon Valley expertise locally involved
B. Raise regional later stage fund with Silicon Valley involved
C. Offer training/mentoring for tech transfer offices
Problems Strategy
© 2018 HubSV
HubSV Acceleration Program
At the core of building an
attractive innovation
ecosystem, is acceleration
of large numbers of
investment attractive
startups
This program mirrors how
Silicon Valley is operating
Capacity: e.g. 5 hubs = up
to 1,000 startups under
acceleration over 5 years
© 2018 HubSV
HubSV’s Tech Transfer Program(Stanford & AUTM experts)
© 2018 HubSV
Learnings From Stanford University’s Tech Transfer Experts
What Stanford has that makes them successful:1. Entrepreneurial thinking, risk-willing, but screens as investors (expect to drop min
10% of portfolio)2. They have learned from being inside Silicon Valley for years and made great wins and
some great losses3. Team & organization:
• Well-staffed• Hire people with knowledge of IP, markets, and science• No lawyers on team• It is a team effort - need many skills• No oversight group• Team members become independent and make their own decision - freedom is a
motivator - own portfolio• Train team: Takes 3 years to be “good at this”
4. Utilize Silicon Valley expertise to evaluate market potential5. Only license technology that already have some funding6. Support their portfolio companies as if they were investors (and in a sense they are)7. Their license deals are available on the web for anybody to use
