Useful if you are running a startup accelerator or thinking about using one. I was impressed with the scope of the data upon which the conclusions are based.
Reed Harrison’s Post
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Strategic Marketing Executive – CMO/CEO | Digital Marketing, Brand Development, Launch & Growth | Social Impact Tech/AI, Startups, Entrepreneurship | 3X Inc5000 Winner | Board Member | Philanthropic Advisor
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PearX is our accelerator for early-stage companies. Each year, we receive thousands of applications for just 20 exclusive spots. While we could expand our cohort size, we choose to keep it small in order to dive deep with every PearX company. Over a 14-week program, we help founders sharpen their vision and strategy, leading up to our highly anticipated Demo Day, where these startups present to thousands of investors. The results speak for themselves: 90%+ of PearX companies go on to raise successful rounds from top-tier investors after Demo Day. Here are just a few recent examples of PearX alumni who secured major funding: - WindBorne Systems (S19): $15M Series A from Khosla Ventures - Federato (S20): $25M Series B from Caffeinated Capital and Emergence - Valar Labs (S21): $22M Series A from a16z and DCVC - Learn to Win(S19): $30M Series A from The Westly Group & Norwest - Seven Starling (S20): $10.9M Series A from RH Capital & Emerson Collective Our PearX S24 virtual Demo Day is coming up on Tuesday, October 8th. It’s always exciting to see founders debut their startups to the world for the first time. This batch is AI-focused, with founders working on everything from product search and price tracking to cloud computing for scientists—and more. Are you interested in getting an early look at the PearX S24 companies? Drop a comment below, and we’ll reach out!
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Insights from Wharton -- Accelerator programs boost startup performance across the board, but maximizing that success depends on program design. High level: The ideal mix of these activities depends on factors such as the stage of the venture, the industry it operates in, and the prior experience of its founders. For example, structured educational content is particularly beneficial for first-time founders and those with less formal education. Events like pitching sessions were more beneficial for startups in their early stages, especially those in the tech industry, where attracting investment from venture capitalists through such events plays a crucial role in driving future growth. Article provides a link to the study and the details.
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