Accelerators as an API - Accelerator Rally - July 2013

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Slides for my keynote at FounderFuel's Accelerator Rally in Montreal.

Transcript of Accelerators as an API - Accelerator Rally - July 2013

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ACCELERATORS AS AN APITO VENTURE CAPITAL AND FUNCTIONAL EXPERTISE

PAUL SINGH

@paulsingh・paul@dashboard.io・ dashboard.io

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VENTURE CAPITAL IS OPEN TO ATTACK BY DISRUPTIVE NEW BUSINESS MODELS AND TECHNOLOGY.

-- NAVAL RAVIKANT (@naval)

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500 STARTUPS

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(R)EVOLUTION IN THINKING

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EARLY STAGE STARTUPS

HAVE CHANGED

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STARTUP COSTS LOWER THAN EVER

BUT SCALING STILL COSTS MONEY

CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING

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WEB GETS BIGGER.WORLD GETS SMALLER.

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TRACTION IS THE NEW INTELLECTUAL PROPERTYPLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE.

NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.

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CAPITAL INCREASINGLY COMMODITIZED

RISE OF THE ANGELS, YO!

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NEW REALITY: MONEY FOLLOWS

FOUNDERS

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EARLY STAGE VCIS CHANGINGHAS CHANGED

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STATE OF THE ART IN EARLY STAGE INVESTING IS NOT

VERY SOPHISTICATED

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UNBUNDLING OF ADVICE, CONTROL

AND MONEY

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USED TO BE ABOUT CAPITAL, DEALFLOW

AND JUDGEMENTTODAY, IT’S ABOUT ACCESS.

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A FEW IDEAS...

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THE MANAGEMENT TEAM ISN’T THE DECISION MAKING TEAM. IT’S A SUPPORT FUNCTION.

“-- JOEL SPOLSKY (@spolsky)

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DIFFERENTIATE VIA ACCESS TO

FUNCTIONAL EXPERTISEFOCUS ON DESIGN, DATA, DISTRIBUTION. INVEST IN DEVELOPMENT

OF TOOLS TO CONNECT FOUNDERS AND MENTORS.

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GO BIG OR GO HOMEGO LOCAL. GO GLOBAL.

FOCUS ON SPECIFIC VERTICALS, REGIONS OR STRENGTHS. GOAL SHOULD BE TO SUPPORT GROWTH OF LOCAL HIGH

GROWTH COMPANIES AND GLOBAL HIGH GROWTH COMPANIES.

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MINDSETACCELERATOR AS A FUND

KEY IDEAS: CURATION AND URGENCY

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THERE ARE TOO MANY STARTUPS AND NOT

ENOUGH BUSINESSES.

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API TO VENTURE CAPITAL & FUNCTIONAL EXPERTISE

THE BIG OPPORTUNITY IN EARLY STAGE TECH INVESTING:

(FOR FOUNDERS. FOR INVESTORS. FOR GOVERNMENT.)

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ACCELERATORS AS AN API

PAUL SINGH

@paulsingh・paul@dashboard.io・ dashboard.io

LEARN MORE:

events.dashboard.io/accelerator-rally