Organization:StartX
Contents
Overview
An educational non-profit program that is associated with Stanford University with goals to accelerate the development of top entrepreneurs through education and collective intelligence.
This program was developed recently in 2011 by Cameron Teitelman and Dan Ha as a spin-off program of the Stanford Student Enterprises, which is the non-profit financial arm of the Associated Students of Stanford University. In February 2012, Silicon Valley companies contributed $400,000 towards the advancement of StartX while in August 2012, StartX received a $800,000 grant from the Kauffman Foundation (a nationally recognized center for entrepreneurship and education) to again further advance the program’s success. As of last month, Stanford University has announced its recipient status of a $3.6 million grant that will be dispersed over three years to contribute to other StartX funding sources like Stanford Hospital and Clinics.
Previously, only Stanford affiliated founders could participate, but now through the StartX Visiting Founders Program (VFP), applicants from any university can be accepted. This program allows for non-Stanford start-up companies to spend three months in the Silicon Valley working under the mentorship and education of StartX to accelerate their developing company. The VFP companies are treated no differently from those affiliated with Stanford University, have access to all of the same resources, and are offered additional financial support to offset costs of moving to Silicon Valley.
Purpose
To accelerate the development of the highest potential startup founders through education and collective intelligence that strives to bring the following to the start-up founders:
1. An entrepreneurial focused community that ranges in expertise from consumer IT to medical hardware.
a. This community has raised over $200 million and an average $1.8 million per start-up company.
b. This community is comprised of leading investors like Greylock Partners, Andreessen Horowitz, Founders Fund, and Venrock.
2. Free office space
3. Free legal services
4. $100,000 in resources
5. Unprecedented entrepreneurial mentorship from over 200 serial entrepreneurs, experts, angels, and venture capitalists
a. Some notable StartX mentors include Palantir, LinkedIn, Google, Twitter, and many more successful Silicon Valley companies.
6. Customized programming and on-demand experts that provide top class education to top class future entrepreneurs
Distinct Differences From Other Offerings
· StartX requires no fees
· StartX takes no equity (ZERO EQUITY) in the technologies and companies that it helps get off the ground.
Impact Achieved For Students and Campus
· Alphonso Labs developed the Pulse App
· Apple, Inc. acquired WifiSlam for approximately $20 million
· If your innovation is medically focused, a new track within StartX called StartX Med was launched in May 2012 to focus on medical-related start-up companies.
· As of 2013, StartX has helped 6 start-up companies achieve greatness.
(Include images, where possible, and campuses involved)
