So This Happened Last Week…
1)Don’t stop me if you have seen this…. The long-term success of a growing company is hindered by investors pressure to push through to an early exit. The established company limits investments in the future to focus on squeezing out profits on current product/service lines. The plant shop induces their lilies to bloom for the flower show, only to have them die three days later. You get it.
An article from Laboratory News assesses this dynamic in the European early-stage innovation community suggests that doing our part to “delay” this forced investment through the use of proof of concept programs will not only result in a more durable company (which can actually survive in the market and impact livest), but also force out the bad money that often digs the grave for early-stage start-ups. And by creating a stable proposition, we will have come from a place of power/not fear when selecting good investors.
2)The House Fund at UC Berkeley and Backed VC are just two recent examples of successful, young entrepreneurs that have returned to university campuses to directly invest into spin-outs. Things in common:
- Their alma maters supported student entrepreneurism, venture clubs, etc on campus while they were enrolled
- Their investment styles both in the stage they are targeting and their source of capital (crowdsourcing, etc) are both indicative of emerging approaches to funding early stage
- They are choosing to make their investments in schools/regions/countries with a strong history of innovation and a community of talent and public/private funds that also support early stage innovation
Something to think about…
Other Stuff to Know…
1)Proud to meet a support and advocacy milestone of 150 research institutions that are currently using the Mind the Gap Report to support their gap funding program pitches. Thank you for your leadership in the optimization of gap funding in early-stage innovation!
2)We will be holding six web-workshop series throughout 2016/17 that will detail the “how tos”:. Events will be 60-90 minutes with full access for your entire university/organization (get now on discount through the Fund Manager Package):
- Create and Manage a Proof of Concept Gap Fund
- Create and Manage a Start-up Investment Gap Fund
- Secure and Sustainin Gap Funding Support from Your State and Region
- Turn “Friends of the University” into Gap Fund Investors
- Capture and Report Results that Matter to Stakeholders
- Attract External Investors to Gap Funded Projects and Start-ups
Just finished our 4 out of 6 events focused on emerging themes and tactics in University-Industry collaboration, which is bringing forward interesting intersections between technology transfer and development offices in supporting gap funds through corporate and alumni support
This is a new way of communicating our weekly gap funding news. What do you think?