High level perspective of the Huntsville, AL startup ecosystem and the influence of surrounding southeast ecosystems

1. ​Rocket Hatch – Year 3 and Beyond
​Antonio Montoya
​© Rocket Hatch, 2016
2016 Planning Retreat

2. ROCKET HATCH CIRCA 2016
Where are we almost 2 years after we started?
ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ

3. MOVING FORWARD
ILLUMINATE: NANCY DUARTE & PATTI SANCHEZ
GROWING
OUR
COALITION
RALLYING
AROUND
STRATEGIC
BATTLES
STRENGTHENING
OUR
RESOLVE

4. WHERE
WE
STARTED

5. OUR INITIAL HYPOTHESIS:
We Can Strengthen Our Local Economy Through Startups
FEDERAL MANUFACTURING
STARTUPS

6. F E D E R A L
E C O S Y S T E M
$6B+
PER YEAR
285
companies
25,000
jobs

7. MANUFACTURING
E C O S Y S T E M
220
companies
35,000
jobs

8. S T A R T U P
E C O S Y S T E M
30 – 500?
companies
400 – 2,000?
jobs

9. OUR STARTUP ECOSYSTEM
HAD ROOM TO GROW

10. 10,000 8,000 6,000 4,000 2,000 2,000 4,000 6,000 8,000 10,0000
Population
2010
Male Female
90+
85-89
80-84
75-79
70-74
65-69
60-64
55-59
50-54
45-49
40-44
35-39
30-34
25-29
20-24
15-19
10-14
5-9
<5
OUR DEMOGRAPHICS COULD FUEL
OUR STARTUP ECOSYSTEM
20% Millennial
16% Gen X

11. OUR STARTUP ECOSYSTEM HAS GREAT
POTENTIAL BUT REQUIRES A LOT OF WORK
Total Population Huntsville Metro
683,871
Graduated College 44.2%
20-35 y/o 139,464
Double Income No Kids
35-45 y/o 90,602
Double Income With Kids
45-55 y/o 109,992
Mid-Life Executive & Spouses Returning to Work
Population In Prime Entrepreneurial Age
339,988
If only 10%+ of Potential Entrepreneurs
Succeed the economic impactis huge
Low Growth Businesses
3,399 x $1M = $3.3B
Medium Growth Businesses
339 x $10M = $3.3B
High Growth Businesses
33 x $100M = $3.3B
10%*= Potential Entrepreneurs
33,998
LINK: GLOBAL ENTREPRENEURSHIPMONITOR REPORT,
BABSON COLLEGE*
Combined Economic Potential
$10B
3,800
Companies
16,000
Jobs

12. STARTUP ECOSYSTEMS
ARE REGIONAL

13. WHAT HAVE
WE
LEARNED?

14. SUCCESS STORIES TAKE TIME

15. IT TAKES A TEAM…

16. … AN ENTHUSIASTIC BOARD, …
… AND KEY ADVISORS
Ben Jarrell
Mary Ramsey
Jason Hundley
Alan Derrick
Drew Chapman
Karen Wynne
Antonio Montoya
Matt Jones
Brad Garland
Eric Grigorian
Ana Aristizabal
David Nuttall
Monro Lanier Jim Philips
Ron Wicks
Stuart Obermann

17. HOW DO YOU KNOW IF
IT’S WORKING?
BECAUSE IT REPLICATES
David Rice

19. NEW CHAMPIONS ARE EMERGING…

20. …CONTINUING A LEGACY

21. UAH HOT Coffee Award – 2014
Causes we wish wecould fund – 2014
LOCAL RECOGNITION…
State of the City: Dreamers & Doers – 2015
IDB Grant for Will This Fly? – 2016

22. CO.STARTERS NETWORK – 2014
N a t i o n a l C O . S T A R T E R S t r a i n e r
Alabama Launchpad – 2015
… AND NATIONAL INVITATIONS
SXSWAccelerator Advisory Board – 2015
Startup Champions Network – 2016
5 0 B e s t i n C l a s s E c o s y s t e m B u i l d e r s

23. WHAT
IS
NEXT?

24. VENTURE CAPITAL ACTIVITY
US, SILICON VALLEY & NEW YORK METRO
2015
$58.8 Billion
4,380 Deals
RE CORD H I G H
$0
$10
$20
$30
$40
$50
$60
$70
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Billions
US Silicon Valley NY Metro
PWC / VENTURE CAPITAL ASSOCIATION
MONEY TREE REPORT 2015

25. VENTURE CAPITAL ACTIVITY
SOUTH EAST US
2015
$2.3 Billion
Southeast
$39 Million
Alabama
PWC / VENTURE CAPITAL ASSOCIATION
MONEY TREE REPORT 2015
4 11 39
-
500
1,000
1,500
2,000
2,500
2013 2014 2015
Millions
GA NC FL TN SC KY LA MS AL

27. OVER FIVE MILLION
JOBS WILL BE LOST
BY 2020 AS A RESULT
OF DEVELOPMENTS IN
GENETICS, ARTIFICIAL
INTELLIGENCE,
ROBOTICS AND
OTHER
TECHNOLOGICAL
CHANGE

28. CHINESE FACTORYREPLACES
90% OF HUMANS WITH
ROBOTS, PRODUCTION SOARS
July 30th, 2015

29. STEMIE
+INNOVATION
+ENTREPRENEURSHIP

30. HELP US
PLAN FOR
WHAT’S NEXT!

31. INNOVATION
NEEDS
ACCEPTANCE

32. SHOW US
HOW TO
GET DOWN!