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APEC Accelerator network forum

APEC Accelerator network forum. Why it’s great to be a part of GAN. Gan overview. Started by the co-founders of Techstars : Brad Feld and David Cohen Now a totally independent organization

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APEC Accelerator network forum

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  1. APEC Accelerator network forum Why it’s great to be a part of GAN

  2. Gan overview • Started by the co-founders of Techstars: Brad Feld and David Cohen • Nowa totally independent organization • Core Team: Patrick Riley (Executive Director), Sarah Jane Coffey (Director of Product) , JJ Oslund (Account Coordinator) • Recently elected an Advisory Board from its members around the world • North America: Peter Barth (Iron Yard), Nicole Glaros (Techstars), Jim Jen (AlphaLab) • South America: Gonzalo Costa (NXTP Labs) • Europe: Jon Bradford (TechstarsLondon) • Asia Pacific: Bernard Moon (Sparklabs) • Africa: Ramez Mohamed (Flat6Labs) • Network of 50 accelerators from around the world Confidential. Please do not distribute.

  3. Gan overview MISSION Be a network that strategically works together to share resources, connections and unparalleled industry knowledge. Confidential. Please do not distribute.

  4. Gan overview Selection Criteria • Operate a 3-6 month long program • Give out some sort of seed capital to founders • Take a small amount of equity (usually ~6%) and overall have terms that are favorable to entrepreneurs • Take no more than 5-12 companies at a time • Mentorship-driven: surround those companies with 40-80 mentors • Have funding for a two year runway • Have physical space available for their program  • Have a strong management team (generally entrepreneurs themselves) • Run at least one program. Confidential. Please do not distribute.

  5. Gan overview Member Benefits • MD Conferences, Regional Meetups • Monthly MD conference calls • Member Communication Platform (GAN wiki, newsletters, etc.) • Shared Deal Flow: GAN Pool • Investor Connections • Exclusive Best Practices: curated resources providing information such as mentor presentations, tips&tricks, and example pitches. • Exclusive Perk Offerings (on F6S): access to discounts and upgrades to services Confidential. Please do not distribute.

  6. Gan overview What I’ve found most helpful • MD Calls: • to learn from different accelerators about how they run their program • Share what resources or management tools being used • No accelerator program is identical • Regional meetups and MD conferences • Opportunity to meet and network with other accelerators • Learn from each other • GAN Wiki • Pitch tips and example pitches • Templates, presentations, directory lists, checklists, etc. Confidential. Please do not distribute.

  7. Sparklabs overview Program Overview • Located in Seoul, Korea. Started in Dec of 2012. • Program runs for 3 months; 2 times a year. • $25,000 investment for 6%. • Each class we select 8-10 companies. Have focus on global expansion • Each company are assigned 4-6 mentors each • Hold weekly meetings for 2 hours each every week • Culminates with a Demo Day Confidential. Please do not distribute.

  8. Sparklabs overview Mentor Network • Surround teams with success through a network of the best mentors from around the world. • Over 100 mentors, constantly looking to expand • Mentors in 12 countries including US, France, England, Israel, Korea, Japan, China, Taiwan, Hong Kong, Indonesia, India, etc.. • By Entrepreneurs for Entrepreneurs • Pay it forward philosophy

  9. Sparklabs overview Demo Day Pics Confidential. Please do not distribute.

  10. Sparklabs Accomplishments $600,000 Invested in 24 companies; $25,000 per company 7 Assisted in setting up 7 companies in the US. $3.4M Amount of investment received post Demo Day 1 First Korean company to get into YC: Memebox

  11. Lessons Learned • Deal Flow – maximize point of contact • Funding, Sponsorships is HARD • Founders/mentors interaction and management • Work on Demo Day pitch early

  12. Final comments • Economic landscape has changed. Cheaper than ever to start a company • It’s hard, numbers are against us. • Collective support network is great! • GAN, Accelerator Assembly (Europe) • Accelerators Leaders Forum just formed in Korea • APEC Accelerator Network

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