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

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GAN OVERVIEW

MISSION

Be a network that strategically works together to share resources, connections and unparalleled industry knowledge.

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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.

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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

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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.

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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

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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

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SPARKLABS ACCOMPLISHMENTS

$600,000

7

Invested in 24 companies; $25,000 per company

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