Recapping an an incredible event last week at StartX! We want to extend a heartfelt thanks to Ilya Strebulaev, The David S. Lobel Professor of Private Equity and Professor of Finance at Stanford Graduate School of Business, and Alex Dang, senior technology executive, for taking the time to present their new book, "The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth". Your insights and expertise were truly inspiring, and we are grateful for the knowledge you shared with us. It's events like these that fuel our entrepreneurial spirit and guide us towards achieving extraordinary growth. A huge thank you to JP Morgan for sponsoring this event and making it possible. Your support for the startup community is invaluable. #StartX #Entrepreneurship #TheVentureMindset #StanfordGSB #JPMorgan #Innovation #GrowthMindset
StartX
Non-profit Organizations
Palo Alto, California 12,082 followers
StartX is the community for founders who don't need to give up equity!
About us
StartX is the startup accelerator, fellowship, and community for Stanford students, professors, and alumni. We aim to help Stanford’s highest-potential early-stage founders build a better future. StartX is a community-run nonprofit organization, and we take 0% equity from our startups.This allows us to attract the best entrepreneurs and collaborate with others in the StartX ecosystem. We are supported through grants, donations, and corporate sponsorships, including $8M in grant funding from Stanford University, Stanford Health Care, and Kauffman Foundation. We are Industry and Stage Agnostic StartX founders tackle big problems in every industry, from biotech, medical device, hardware, cleantech, and non-profit to consumer and enterprise IT. The strength of our community speaks for itself: 2× higher chance of reaching $100M+ valuation than the best accelerators 1.7× higher seed valuation than the average Stanford startup +50% more successful at reaching Series A than industry average $8.4M average venture funding raised by StartX companies 85% StartX companies still growing + acquired over 8 years 5× proportion of venture funding raised by female-led StartX companies compared to industry average
- Website
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http://startx.com
External link for StartX
- Industry
- Non-profit Organizations
- Company size
- 11-50 employees
- Headquarters
- Palo Alto, California
- Type
- Nonprofit
- Founded
- 2009
- Specialties
- Education, Resources, Mentorship, and Incubator
Locations
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Primary
Get directions
2627 Hanover St
Palo Alto, California, US
Employees at StartX
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Jason Devitt
CEO and cofounder of Compound Eye
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Jim Benton
Fmr CEO of Chorus.ai (acquired by ZoomInfo: ZI)
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Teddy Zmrhal
Global Design Leader, Serial Entrepreneur/Intrapreneur
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Abhijit Kakhandiki
Senior Executive Leader | Creative Technologist | Cloud, AI, RPA, Digital Transformation, AdTech, MarTech
Updates
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Hello! PSA that there are 6 more days to complete your StartX application for our fall programs! StartX is the largest community of Stanford founders. StartX startups have a 3x higher chance of growing past a $100M valuation, have seen over 165 companies to reach that $100M milestone, and 15+ that have captured a > $1B unicorn valuation! How to Apply: 1. Submit Your Application at www.startx.com/apply 2. Interview and impress the judges with your innovation and dedication! 3. Join the Community and gain access to unparalleled resources, mentorship, and collaboration! **Deadline: June 30th, 2024, at 11:59 PM** Don’t miss this chance to join StartX. Apply today and be a part of our founder community! #StartX #StanfordEntrepreneurs #Innovation
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An essential part of StartX’s success is our incredible partnerships! Thanks to Google Cloud for bringing a wealth of resources, expertise, and connections to support our founders in building their companies. A huge thank you to Colleen Pimentel, CPA for sharing Google Cloud’s offerings with our Summer ’24 cohort during Orientation Week. Your insights and guidance are truly invaluable. cc: Andrea Perdomo, Louis Huynh, Ryan Kiskis
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What a week! Energized and excited after an amazing Orientation Week to kickoff our 2024 Summer Cohort of founders & companies 🚀 Thankful as always for all of the passion our community brings to StartX, and to welcome an amazing group of new founders into the community! PSA: If you are interested in joining the StartX community, applications for our our fall programs are now open as well! Learn more about how to apply here: https://startx.com/apply
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Thank you Jonathan Siddharth founder and CEO of Turing 🦄 (StartX P18) for stopping by the office to share some fundraising and operating advice from the trenches. Jonathan joined StartX as a repeat founder after exiting his previous start-up and has been an active contributor to the Stanford University entrepreneurial ecosystem, especially in AI. For repeat founders like Jonathan, StartX is a great community to meet the next generation of founders and to stay on the 'bleeding edge' of current best practices. P.S. You have until April 18th to submit a (late) application for our summer cohort starting in June: startx.com/s24startx
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We had a great time visiting StartX alums in NYC last week! NYC is our 2nd largest concentration of startup founders including several members of our Spring cohort. For Stanford University founders in NYC, StartX offers an excellent bridge to maintain their Silicon Valley connections! 👨💻
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Congrats Felipe Meneses and the Hyperplane team (StartX F22) for being named the first Brazilian Thiel Fellow! Hyperplane provides Vertical AI for banking to enable financial institutions to launch personalized consumer experiences through LLMs. Investors include Lachy Groom, SV Angel, Clocktower Technology Ventures, Liquid2 Ventures, Soma Capital, Latitud, Atman Capital, Crestone VC, and Norte. Hyperplane is one of many StartX companies using AI to transform industries! https://lnkd.in/dxXuPZ5d
Felipe Meneses Is The First Brazilian Thiel Fellow
forbes.com
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StartX is excited to announce its innovation and resource partnership with TriNet to offer our founders HR guidance and tools. TriNet’s mission is to guide small- and medium-sized businesses through daily HR needs and challenges and support their growth. TriNet now offers StartX founders preferred access to their full-service HR solutions. Special thanks to Jay Venkat, Meri Gulyan, Lisa Reeves, Rachel Beaulieu, Kate Kozak, and David Haraburda for helping us welcome our Spring cohort, and for working to provide resources and opportunities to all founders at StartX.
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Congrats to Antora Energy (S18) on their recent $150M fundraise to decarbonize global industry using thermal batteries. Manufacturing is the single largest driver of climate change, accounting for a staggering 30% of global emissions. Thermal batteries are the key to electrifying industry, converting ultra-cheap wind and solar power into the always-on energy that drives our economy. The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek and the this funding will enable Antora to ramp production of zero-emissions energy to industrial customers. Read more here: https://lnkd.in/gaMzYd3X
WSJ News Exclusive | The New Hot Climate Investment Is Heat Itself
wsj.com
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Last week StartX. had the pleasure of hosting Mike Molinet for a fireside chat with Kyle Wong! Mike spoke about his experience growing his company, Branch, into a Unicorn 🦄 and how he navigated obstacles during his entrepreneurial journey. 🌟 Here are some of the biggest takeaways he shared 🌟
10 years ago, Branch got its start at StartX. And a decade later, I was lucky enough to return and share some of my learnings. Lots of fun (and painful) stories were shared, but some of my favorite takeaways from the night: 1. BE NAIVE; BE FORGETFUL - It's an *asset* to be naive and forgetful. You're not saddled with fear or what-ifs. You don't pay attention to the 1000 reasons why you'll likely fail - you stay focused on the 1 reason you can succeed. 2. MICRO URGENCY, MACRO PATIENCE - You have to hustle. Every single minute of every single day. But you also have to take a long view of years or decades. Building a startup is about sprinting every day, but also being patient waiting for results. Hustle on the micro activities, but don't get upset when things take time - that's the nature of the game. 3. MAXIMIZE BEFORE YOU OPTIMIZE - It's easy to get sucked into the idea of optimizing early. But in the beginning, your job is to maximize. Maximize the number of customers; maximize revenue; maximize adoption. You can optimize later when the returns on optimization effort are high enough to justify. Early on, there's not enough to optimize, so focus on maximizing first. 4. PRIORITIZE THE HIGHEST ORDER BIT - Choosing the *right* thing to focus on is critically important. In binary code, the first bit will give you 8, and the next three bits combined will sum to 7. If you choose the wrong things to do - or wrong bits to flip - they'll never add up to what you can do by focusing on the right thing. Thanks for having me back, Kyle Wong and StartX.! And thanks for giving us our start 10 years ago :)
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