The East Bay Innovation Ecosystem
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The Startup and Venture Capital Trends Report
//////////////////////////////////////////////////////////// STARTUP AND VENTURE CAPITAL TRENDS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY THE INAUGURAL REPORT ON UC BERKELEY’S STARTUP ECOSYSTEM PREPARED BY: PUBLISHED AUGUST 2018 TABLE OF CONTENTS //////////////////////////////////////////////////////////////////////////////////////////////// PART ONE INTRODUCTION 3 About The Report 4 Data, Methodology and Key Definitions 5 Ecosystem Overview ABOUT STARTUP@BERKELEYLAW PART TWO ECOSYSTEM TRENDS Startup@BerkeleyLaw is an initiative of the Berkeley Center for Law and Business (BCLB) in collaboration with the Berkeley 8 Key Sector Trends Center for Law and Technology. BCLB is Berkeley Law’s hub for rigorous, relevant, and empirically-based research, 10 Venture Capital education, and programming on the interrelationships of the 11 Small Business Innovation Research law and business. Areas of focus include venture capital and entrepreneurship, corporate social responsibility, capital (SBIR) Grants markets, and mergers and acquisitions. 13 Demographic Trends Startup@BerkeleyLaw serves as UC Berkeley’s primary platform for training entrepreneurs, investors, and students on the legal, financial, and operational issues confronting PART THREE CONCLUSION early stage companies. Current undergraduate and graduate students, post docs, staff, faculty, and alumni from across 15 Closing Remarks UC Berkeley attend training workshops and lectures aimed to 16 Contributors enable them to be successful entrepreneurs from the very start of their endeavors. ABOUT -
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2020 Innovation Report THE CONVERGENCE OF INNOVATION, TECHNOLOGY & HIGHER EDUCATION Innovation Report Innovation Mike Grandinetti, Program Development Fellow UC 2020 Berkeley Sutardja Center & Faculty, Engineering Leadership Professional Program & Faculty, Harvard University Management Division & Faculty, Brown University School of Professional Studies I’ve spent the last 25+ years working at this extraordinary point of convergence as a Professor, faculty member & mentor at some of the world’s most prestigious educational institutions, in addition to my simultaneous roles as a serial tech entrepreneur, innovation consultant, hackathon leader, startup mentor and board member. The changes that have occurred in the way in which innovation is taught, starting in 2007, has been profound. 2007 is an especially important year and inflection point for innovation based on two critical events. The launch of Apple’s iPhone democratized technology, while the sub-prime mortgage and banking financial crisis spiraled us into the “great recession.” This created long-terms impacts on innovation as we know it. An Infusion of Brainpower For starters, many of the best and brightest, long drawn to the highly paid areas of investment banking and management consulting, started to shift their focus to high tech and innovation- related positions at this key historical inflection point. As a result, it unleashed a massive infusion of brainpower into these professions that continues to exist to this day. Educational & Tech Accelerators In addition, as the great recession caused significant layoffs from large corporations, a wave of tech startup accelerators, inspired by pioneers Y-Combinator & Techstars, began to democratize how best practices of innovation were taught, just as an increasing number of recently graduated students and corporate “expats” decided to take control of their own professional destiny. -
Meet the Husband-And-Wife Team That Run Angelpad, the Exclusive Startup Accelerator Whose Early Bet on Postmates Just Led to a $2.65 Billion Uber Acquisition
Meet the husband-and-wife team that run AngelPad, the exclusive startup accelerator whose early bet on Postmates just led to a $2.65 billion Uber acquisition Troy Wolverton Jul 21, 2020, 3:27 PM AngelPad was one of the earliest accelerators — companies that help founders get their startups up and running — and is still going strong a decade later. Although it's less well known than some of its peers, AngelPad has had repeated successes and just scored a big hit when Postmates, one of its earliest startups, agreed earlier this month to be acquired by Uber for $2.7 billion. Unlike other accelerators, AngelPad has largely stayed true to the original vision of its founders, Carine Magescas and Thomas Korte; they still run its programs and mentor its startups. Magescas and Korte still enjoy working with founders and helping build solid companies. When Gautam Narang and his cofounders were launching Gatik three years ago, they knew they wanted to jumpstart their autonomous vehicle startup by going through an accelerator program. They also knew just which one they wanted to join — AngelPad. Accelerator programs oer aspiring founders a way to turn their ideas into nascent businesses. Although there are many of them now, AngelPad was among the rst. And unlike some of its more well- known peers, such as 500 Startups and Y Combinator, AngelPad has stayed close to its roots and largely under the radar. It's still run by the same two people, and it still only accepts a small group of companies into each of its accelerator groups. -
Map of Funding Sources for EU XR Technologies
This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. XR4ALL (Grant Agreement 825545) “eXtended Reality for All” Coordination and Support Action D5.1: Map of funding sources for XR technologies Issued by: LucidWeb Issue date: 30/08/2019 Due date: 31/08/2019 Work Package Leader: Europe Unlimited Start date of project: 01 December 2018 Duration: 30 months Document History Version Date Changes 0.1 05/08/2019 First draft 0.2 26/08/2019 First version submitted for partners review 1.0 30/08/2019 Final version incorporating partners input Dissemination Level PU Public Restricted to other programme participants (including the EC PP Services) Restricted to a group specified by the consortium (including the EC RE Services) CO Confidential, only for members of the consortium (including the EC) This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. Main authors Name Organisation Leen Segers, Diana del Olmo LCWB Quality reviewers Name Organisation Youssef Sabbah, Tanja Baltus EUN Jacques Verly, Alain Gallez I3D LEGAL NOTICE The information and views set out in this report are those of the authors and do not necessarily reflect the official opinion of the European Union. Neither the European Union institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein. © XR4ALL Consortium, 2019 Reproduction is authorised provided the source is acknowledged. D5.1 Map of funding sources for XR technologies - 30/08/2019 Page 1 Table of Contents INTRODUCTION ................................................................................................................ -
The SAFE, the KISS, and the Note: a Survey of Startup Seed Financing Contracts
Essay The SAFE, the KISS, and the Note: A Survey of Startup Seed Financing Contracts John F. Coyle† & Joseph M. Green†† INTRODUCTION Over the past decade, there has been an explosion in seed financing for early-stage technology startups.1 Increasingly, this seed financing is channeled to these companies via an entirely new form of investment contract—the deferred equity agree- ment.2 One version of this agreement—the Simple Agreement for Future Equity (SAFE)—made its debut in 2013. Another ver- sion—the Keep It Simple Security (KISS)—first appeared in 2014. While these instruments have attracted extensive atten- tion in the startup blogosphere, there exists remarkably little in- formation about the role they play in the real world.3 Nobody seems to know, for example, precisely who is using these new contracts. It is likewise unclear where exactly these agreements † Reef C. Ivey II Term Professor of Law, University of North Carolina at Chapel Hill. Copyright © John F. Coyle. †† Senior Legal Editor (Startups & Venture Capital), Thomson Reuters Practical Law. Thanks to Darian Ibrahim, Elizabeth Pollman, participants at the 2018 BYU Winter Deals Conference, and participants at the ABA Business Law Section 2018 Annual Meeting for their comments on an earlier draft of this Essay. Copyright © Joseph M. Green. 1. A seed financing is the initial round of capital raised by a startup com- pany, which typically uses those funds to begin the development of a prototype or alpha version of a product as it works to demonstrate proof of concept. 2. For a useful survey of the wide variety of instruments through which capital is funneled to startups, see Brad Bernthal, The Evolution of Entrepre- neurial Finance: A New Typology, 2018 BYU L. -
UC Berkeley Other Recent Work
UC Berkeley Other Recent Work Title From Research to Market:What the EU can learn from the USA? Permalink https://escholarship.org/uc/item/7zp5b130 Author Novikova, Jekaterina Publication Date 2019-06-12 eScholarship.org Powered by the California Digital Library University of California From Research to Market: 30/06/2019 What the EU can learn from the USA? Jekaterina Novikova EU FELLOW AT THE INSTUTUTE OF EUROPEAN STUDIES AT UC BERKELEY EU POLICY COORDINATOR AT THE EUROPEAN INNOVATION COUNCIL TASK FORCE Table of contents Executive Summary....................................................................................3 Introduction.................................................................................................4 1. From University Lab to Market..............................................................6 1.1. From Idea to Invention Disclosure...................................................7 1.2. To Patent or Not to Patent...............................................................8 1.3. Who and When is Bringing the Technology to Market?.................10 1.4. The Assessment of Technological Potential and Company Viability 13 1.5. Lab-to-market Example: Neuroracer’s Video Game.......................16 2. Governmental Measures Facilitating the Transition of Research Results to Market...................................................................................................17 2.1. Fellowship to Support Entrepreneurial Scientists (example of Cyclotron Road)......................................................................................18 -
The U.S. Bootcamp / San Francisco
The U.S. Bootcamp / San Francisco June 10- MONDAY 10:00 – 11:30 Welcome & Orientation - Information about the Bootcamp Program - Introduction to the U.S. Entrepreneurship Ecosystem - Business Culture in the U.S. (Do’s and Don’ts) - Tips and Hints on benefiting from the program 11:30 – 11:45 Coffee Break 11:45 – 13:00 Training: Fundraising Strategy – Part I Funding Cycle The Math behind the VC funding When you should raise money and how much? What VCs Look For in a Startup 13:00 – 14:00 Lunch 14:00 – 15:30 Training: Fundraising Strategy – Part II Due Diligence in the U.S. How to Approach to VC Funds 15:30 – 15:40 Coffee Break 15:45 – 17:00 Training: Fundraising Strategy – Part III Negotiations with VCs Best Practises Homework: Preparing a 3min pitch Confidential 2 The U.S. Bootcamp / San Francisco June 11- TUESDAY 10:00 – 12:00 Training: Basics of Pitching in the U.S. - Recap of the pitch basics from the previous day - Best pitch examples - Pitch Karaoke 12:00 – 13:00 Lunch 13:15 – 15:15 Workshop: Pitch Coaching and Perfection (4 startups) Perfecting the pitches of 4 startups 15:15 – 15:30 Coffee Break 15:30 – 17:30 Workshop: Pitch Coaching and Perfection (4 startups) Perfecting the pitches of 4 startups Confidential 3 The U.S. Bootcamp / San Francisco June 12- WEDNESDAY 08:45 Departure for Berkeley 10:00 – 12:00 Training: Leadership Skills for the New Economy Learn the skills you need to develop as a 21st Century Entrepreneur: Culture transformation, authentic leadership presence, communications, executive coaching and storytelling Speaker: -
The Bay Area Innovation System Science and the Impact of Public Investment
The Bay Area Innovation System Science and the Impact of Public Investment March 2019 Acknowledgments This report was prepared for the Bay Area Science and Jamie Lawrence, IBM Corporate Citizenship Manager – Innovation Consortium (BASIC) by Dr. Sean Randolph, California, Hawaii, Nevada, Utah, Washington Senior Director at the Bay Area Council Economic Daniel Lockney, Program Executive – Technology Transfer, Institute. Valuable assistance was provided by Dr. Dorothy NASA Miller, former Deputy Director of Innovation Alliances at Dr. Daniel Lowenstein, Executive Vice Chancellor and the University of California Office of the President and Provost, University of California San Francisco Naman Trivedi, a consultant to the Institute. Additional Dr. Kaspar Mossman, Director of Communications and support was provided by Estevan Lopez and Isabel Marketing, QB3 Monteleone, Research Analysts at the Institute. Dr. Patricia Olson, VP for Discovery & Translation, California Institute for Regenerative Medicine In addition to the members of BASIC’s board of Vanessa Sigurdson, Partnership Development, Autodesk directors, which provided review and commentary throughout the research process, the Economic Institute Dr. Aaron Tremaine, Department Head, Accelerator Technology Research, SLAC National Accelerator Laboratory particularly wishes to thank the following individuals whose expertise, input and advice made valuable Eric Verdin, President & CEO, Buck Institute for Research on Aging contributions to the analaysis: Dr. Jeffrey Welser, Vice President & Lab Director, IBM Dr. Arthur Bienenstock, Special Assistant to the President for Research – Almaden Federal Policy, Stanford University Jim Brase, Deputy Associate Director for Programs, Computation Directorate, Lawrence Livermore National Laboratory About BASIC Tim Brown, CEO, IDEO BASIC is the science and technology affiliate of the Doug Crawford, Managing Director, Mission Bay Capital Bay Area Council and the Bay Area Council Economic Dr. -
The Role of Public Policy in Supporting Business Accelerators
Working Paper The Role of Public Policy in Supporting Business Accelerators Daniel Basco, Carlos Ignacio Gutierrez, Marlon Graf Pardee RAND Graduate School WR-1271 September 2018 RAND working papers are intended to share researchers’ latest findings and to solicit informal peer review. They have been approved for circulation by Pardee RAND Graduate School but have not been formally edited or peer reviewed. Unless otherwise indicated, working papers can be quoted and cited without permission of the author, provided the source is clearly referred to as a working paper. RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. R® is a registered trademark. For more information on this publication, visit www.rand.org/pubs/working_papers/WR1271.html Published by the RAND Corporation, Santa Monica, Calif. © Copyright 2018 RAND Corporation R® is a registered trademark Limited Print and Electronic Distribution Rights This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited. Permission is given to duplicate this document for personal use only, as long as it is unaltered and complete. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial use. For information on reprint and linking permissions, please visit www.rand.org/pubs/permissions.html. The RAND Corporation is a research organization that develops solutions to public policy challenges to help make communities throughout the world safer and more secure, healthier and more prosperous. RAND is nonprofit, nonpartisan, and committed to the public interest. -
Y Combinator Cap Table Template
Y Combinator Cap Table Template Mattie cut-offs his professorate mulls oftentimes or goniometrically after Quigman plait and take-in spinally, guttering and purulent. Put-on and dishy Sigmund physicking while decretory Salomone sentinels her haler therefore and rough-drying chargeably. Uraemia Tremain account everlastingly while Jereme always reconditions his flummery gritting bias, he stoves so shrilly. Decide if you want to you, and everything clear call ben or some things like to engage with y combinator It bounce a fresh agreement between partners, but cereal are good templates to follow. Letter indemnification agreement template cap tables for startups prefer safe convertible securities and. Please enter the cap tables. So cannot be sure your news release, versus a new initiatives intended to invest in the amount of confidential document to? Enter your cap tables for an investor know your. Understand the cap tables are not investing because of the mistakes can provide. Google Sheet which makes collaboration between founders easy. Stock plan Agreement for other deal. Startups receive the tap now create the valuation is decided in yet later round. Money SAFE as further best financial instrument for documenting the sale of equity too early investors. How different I hope an external pool? SAFE converts at the agreed upon capped value. Some nice tracking, and communicate clearly set up and vcs see if you continue to the. Do vcs really care of shares, simple examples from that invites ruinously expensive to change the agreed terms outlined in their bearings and also a challenging assumptions. Professionally designed agreements are initial key ingredient in graduate business relationship. -
Thebreakoutlist,2015
The Breakout List, 2015 If you join a company, my general advice is to join a company on a breakout trajectory. Sam Altman, President at Y Combinator The Breakout List shows great companies to join. Who is the list for? The list is not for venture capitalists, or salespeople. While they use the list, the priority is for the list to be useful to ambitious engineers/other people working in tech. Salespeople and venture capitalists — I would suggest Mattermark or Datafox or similar, both of which are great. The goal of this list is to help you choose a company where you will be exposed to the best people and best opportunities. Why these companies? Disclaimer (stolen from Marc Andreessen) ● “These posts are aimed at high-potential people who want to excel throughout their ca- reers and make a significant impact on their fields and the world. These posts are not appropriate for people for whom work/life balance is a high priority or for whom lifestyle is particularly important – if that’s you, there are plenty of existing career planning re- sources for you already!” “Optimize at all times for being in the most dynamic and exciting pond you can find. That is where the great opportunities can be found.” “Apply this rule when selecting which company to go to. Go to the company where all the action is happening.” Let’s combine this with some advice from Charlie Munger. Charlie would tell us to look for a ‘lollapalooza’ — where we have multiple factors at once. Relevant factors that cause a company to have a lot of ‘action happening’ ● breakout revenue growth (i.e. -
The Startup Factories. the Rise of Accelerator Programmes
Discussion paper: June 2011 The Startup Factories The rise of accelerator programmes to support new technology ventures Paul Miller and Kirsten Bound NESTA is the UK’s foremost independent expert on how innovation can solve some of the country’s major economic and social challenges. Its work is enabled by an endowment, funded by the National Lottery, and it operates at no cost to the government or taxpayer. NESTA is a world leader in its field and carries out its work through a blend of experimental programmes, analytical research and investment in early- stage companies. www.nesta.org.uk Executive summary Over the past six years, a new method of incubating technology startups has emerged, driven by investors and successful tech entrepreneurs: the accelerator programme. Despite growing interest in the model from the investment, business education and policy communities, there have been few attempts at formal analysis.1 This report is a first step towards a more informed critique of the phenomenon, as part of a broader effort among both public and private sectors to understand how to better support the growth of innovative startups. The accelerator programme model comprises five main features. The combination of these sets it apart from other approaches to investment or business incubation: • An application process that is open to all, yet highly competitive. • Provision of pre-seed investment, usually in exchange for equity. • A focus on small teams not individual founders. • Time-limited support comprising programmed events and intensive mentoring. • Cohorts or ‘classes’ of startups rather than individual companies. The number of accelerator programmes has grown rapidly in the US over the past few years and there are signs that more recently, the trend is being replicated in Europe.