Rocket Hatch – Year 3 and Beyond

Antonio Montoya

© Rocket Hatch, 2016

2016 Planning Retreat

ROCKET HATCH CIRCA 2016Where are we almost 2 years after we started?

ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ

MOVING FORWARD

ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ

GROWING OUR

COALITION

RALLYING AROUND

STRATEGIC BATTLES

STRENGTHENING OUR

RESOLVE

WHERE WE

STARTED

OUR INITIAL HYPOTHESIS:We Can Strengthen Our Local Economy Through Startups

FEDERAL MANUFACTURING

STARTUPS

F E D E R A LE C O S Y S T E M

$6B+PER YEAR

285companies

25,000jobs

MANUFACTURINGE C O S Y S T E M

220companies

35,000jobs

S T A R T U PE C O S Y S T E M

30 – 500?companies

400 – 2,000?jobs

OUR STARTUP ECOSYSTEM HAD ROOM TO GROW

10,000 8,000 6,000 4,000 2,000 2,000 4,000 6,000 8,000 10,0000

Population2010

Male Female

90+85-8980-8475-7970-7465-6960-6455-5950-5445-4940-4435-3930-3425-2920-2415-1910-14

5-9<5

OUR DEMOGRAPHICS COULD FUEL OUR STARTUP ECOSYSTEM

20% Millennial

16% Gen X

OUR STARTUP ECOSYSTEM HAS GREAT POTENTIAL BUT REQUIRES A LOT OF WORK

Total Population Huntsville Metro

683,871

Graduated College 44.2%

20-35 y/o 139,464Double Income No Kids

35-45 y/o 90,602Double Income With Kids

45-55 y/o 109,992Mid-Life Executive & Spouses Returning to Work

Population In Prime Entrepreneurial Age

339,988

If only 10%+ of Potential Entrepreneurs Succeed the economic impact is huge

Low Growth Businesses3,399 x $1M = $3.3B

Medium Growth Businesses339 x $10M = $3.3B

High Growth Businesses33 x $100M = $3.3B

10%* = Potential Entrepreneurs

33,998LINK: GLOBAL ENTREPRENEURSHIP MONITOR REPORT,

BABSON COLLEGE*

Combined Economic Potential

$10B3,800

Companies

16,000Jobs

STARTUP ECOSYSTEMSARE REGIONAL

WHAT HAVE WE

LEARNED?

SUCCESS STORIES TAKE TIME

IT TAKES A TEAM…

… AN ENTHUSIASTIC BOARD, …

… AND KEY ADVISORS

Ben Jarrell

Mary Ramsey

Jason Hundley

Alan Derrick

Drew Chapman

Karen Wynne

Antonio Montoya

Matt Jones

Brad Garland

Eric Grigorian

Ana Aristizabal

David Nuttall

Monro Lanier Jim Philips

Ron Wicks

Stuart Obermann

HOW DO YOU KNOW IF IT’S WORKING?

BECAUSE IT REPLICATESDavid Rice

NEW CHAMPIONS ARE EMERGING…

…CONTINUING A LEGACY

UAH HOT Coffee Award – 2014

Causes we wish we could fund – 2014

LOCAL RECOGNITION…

State of the City: Dreamers & Doers – 2015

IDB Grant for Will This Fly? – 2016

CO.STARTERS NETWORK – 2014N a t i o n a l C O . S T A R T E R S t r a i n e r

Alabama Launchpad – 2015

… AND NATIONAL INVITATIONS

SXSW Accelerator Advisory Board – 2015

Startup Champions Network – 20165 0 B e s t i n C l a s s E c o s y s t e m B u i l d e r s

WHATIS

NEXT?

VENTURE CAPITAL ACTIVITYUS, SILICON VALLEY & NEW YORK METRO

2015$58.8 Billion4,380 DealsR E C O R D H I G H

$0

$10

$20

$30

$40

$50

$60

$70

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Bill

ions

US Silicon Valley NY Metro

PWC / VENTURE CAPITAL ASSOCIATIONMONEY TREE REPORT 2015

VENTURE CAPITAL ACTIVITY SOUTH EAST US

2015$2.3 Billion

Southeast

$39 MillionAlabama

PWC / VENTURE CAPITAL ASSOCIATIONMONEY TREE REPORT 2015

4 11 39

-

500

1,000

1,500

2,000

2,500

2013 2014 2015

Mill

ions

GA NC FL TN SC KY LA MS AL

OVER FIVE MILLION JOBS WILL BE LOSTBY 2020 AS A RESULT OF DEVELOPMENTS IN GENETICS, ARTIFICIAL INTELLIGENCE, ROBOTICS AND OTHER TECHNOLOGICAL CHANGE

CHINESE FACTORY REPLACES 90% OF HUMANS WITH ROBOTS, PRODUCTION SOARSJuly 30th, 2015

STEMIE

+ INNOVATION+ENTREPRENEURSHIP

HELP US PLAN FOR

WHAT’S NEXT!

INNOVATIONNEEDS

ACCEPTANCE

SHOW USHOW TO

GET DOWN!