Starve Ups History
Starve Ups was founded on October 15, 2000 by a group of founders, from seven Oregon-based startup companies, as the state's first accelerator, and only scalerator, dedicated to helping founders of startups create successful companies via optimized proven peer mentoring. In attendance were the founders of what became AssetExchange, CoolerEmail, eROI, Rumblefish, VIA, Versation and wired.MD.
Since the founding all 7 of these companies reached profitability, 6 became multimillion dollar annual revenue generators, 5 have been acquired for very positive investor returns and 1 became an Inc. 500 company. All 7 companies included 1st time founders of startups. It was a statistical anomaly with a 100% success rate with first time founders.
A greater explanation is that Starve Ups is an exclusive founders-only scalerator serving idea and early stage founders who provide each other their insights, resources and networks at no cost in order to provide peer mentoring at the highest level. In turn Starve Ups is the only full lifecycle accelerator with its cornerstone as proven peer mentoring, which is exactly what Starve Ups stands for, excels at and focuses on as a group.
It is simple; the end-to-end educational approach and purpose of Starve Ups is to get each of our membership companies to: 1) SURVIVE the first 18 to 36 months, 2) STRIVE into profitability and expansion, and 3) THRIVE for their positive exit or existence strategy. This full lifecycle accelerator approach created by Starve Ups is known as a scalerator.
Starve Ups, in the last 17 years, has an 79% survival/success rate amongst its 145 membership companies, collectively have raised over $497M in funding amongst membership companies, has had 22 membership companies mergered or acquired, 1 membership company who went IPO, and 4 Inc. 500/Inc. 5000 companies within it. The enterprise value, at the time of the 22 exit events of Starve Ups companies, was $822M for investors and shareholders.
Founders, and their startups, in Starve Ups are 6 times more likely to stay in business, 4 times more likely to raise angel and VC funding, and are now 4 times more likely to get positively acquired than the national average. Today, Starve Ups and its "proven peer mentoring for founders" model has been argued in international news as the most successful accelerator in the world.