3/9/2023 0 Comments Startx communityYou need to have a product prototype to get accepted to StartX, but they have also had companies through the program that have already raised $30 million - $50 million. These were the influential members of the Stanford community that Stanford wanted involved.They got this partnership because they were getting all the best companies in the program from Stanford Alumni, including those that graduated 10-years ago and have founded 1,000 person companies. They were operating independent of the university for a while, but In 2013 StartX made a formal partnership with Stanford University and Stanford Hospital. StartX is 10 weeks, but their focus as a non-profit is to evaluate the individual founders strengths and weaknesses, what milestones they need to hit over the course of the 10 weeks, and what skills they need to develop in order to hit those milestones. StartX is focused on personal development where the founders go through and become more effective as an individual, and have a strong community supporting them now. Stanford alumni founders have founded 40,000 companies with $2.7 trillion in annual revenue, which would be the 11th largest country in the world. But this same level of support did not exist at Stanford for students wanting to start a company.Ī lot of building a company is out of your control, and Cameron was trying to figure out what was in your control, and make a system around it to reduce the chance of failure.He was a frustrated with the entrepreneurial ecosystem as a whole because he had friends who would go in to banking, consulting, or clean tech startups, and they had a lot of support for that. In 2009, Cameron was an undergrad at Stanford, and was building companies. "Mentors who tell you what to do aren’t good mentors." Before StartX, he did all sorts of things: founded 2 companies, started a PE firm, wrestled in college, acted professional on a local and national level (broadway) and worked on tons of mini companies growing up, from ebay businesses to lemonade stands. In addition to founding StartX Cameron just completed the Kauffman Fellows program as one of the youngest members in their history. The StartX accelerator is a 10-week program, and they requires no fees and take zero equity. To date, 220 companies have gone through the program and have raised more than $700 million dollars. Make sure you follow This Week In Startups!Ĭameron Teitelman founded StartX which is a non-profit accelerator affiliated with Stanford University whose mission is to fuel the development of Stanford's top entrepreneurs through experiential education.
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