Global Accelerator Network Overview and Benefits
"Learn about the Global Accelerator Network (GAN), its mission, selection criteria, member benefits, and how it strategically connects accelerators worldwide for resource sharing and industry knowledge. Discover the advantages of being part of this network and the valuable opportunities it offers to startups."
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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 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 (Techstars London) Asia Pacific: Bernard Moon (Sparklabs) Africa: Ramez Mohamed (Flat6Labs) Network of 50 accelerators from around the world Confidential. Please do not distribute.
GAN OVERVIEW MISSION Be a network that strategically works together to share resources, connections and unparalleled industry knowledge. Confidential. Please do not distribute.
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.
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.
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.
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.
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
SPARKLABS OVERVIEW Demo Day Pics Confidential. Please do not distribute.
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
LESSONS LEARNED Deal Flow maximize point of contact Funding, Sponsorships is HARD Founders/mentors interaction and management Work on Demo Day pitch early
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
