Scaling startups create Europe's most successful founders, Antler finds
Research published today by global early-stage VC firm Antler reveals that the single most important decision a founder can make is which company they work at before building their own, and specifical... A new Antler report finds that startups scaling from Seed to Series C produce the founders most likely to build companies that go on to raise Series A. Data/Research Scaling startups create Europe's most successful founders, Antler finds A new Antler report finds that startups scaling from Seed to Series C produce the founders most likely to build companies that go on to raise Series A.
Key Takeaways
- Cate Lawrence 2 hours ago Share Share Send email Copy link Research published today by global early-stage VC firm Antler reveals that the single most important decision a founder can make is which company they work at before building their own, and specifically, whether that company is actively scaling from Seed to Series C stage whilst they are there.
The report, Europe's Growth Stage Founder Factories , which analyses 51,722 European seed-stage companies, finds that working at a startup as it scales from Seed to Series C is the single strongest predictor of founding success.
- In contrast, Big Tech experience produces exactly the same conversion rate uplift as working at a seed-stage startup - 33 per cent.
In other words, the data suggests that early-stage startup experience is an advantage equal to being an ex-Googler.
- The real founder factories Global founder factories creating startups in Europe: LiveRamp - United States - 10 founders - 90.
0 per cent went on to build startups that reached Series AImprobable - United Kingdom - 8 founders - 87.
- 2 per cent Atlassian - Australia - 16 founders - 56.
- " He asserts that this is genuinely good news for Europe: "Yes, we have a generation of unicorns producing founders, but we also have a vibrant early-stage ecosystem that is giving future founders the best possible training ground.
Stats & Key Facts
- #The report, Europe's Growth Stage Founder Factories , which analyses 51,722 European seed-stage companies, finds that working at a startup as it scales from Seed to Series C is the single strongest predictor of founding success.
- #The research analyses startups in the UK, Germany, France and Sweden that raised a seed round between 2010 and 2021 and finds that, on average, 23 per cent of European startups secure Series A funding.
- #The growth stage founder advantage However, for startups run by founders who previously had direct experience working at a startup whilst it scaled from Seed to Series C, that figure increases to 45.
- #Founders in Germany who had previously worked at growth-stage companies are the most likely to successfully build their own startups to Series A (50.
A new Antler report finds that startups scaling from Seed to Series C produce the founders most likely to build companies that go on to raise Series A. Data/Research Scaling startups create Europe's most successful founders, Antler finds A new Antler report finds that startups scaling from Seed to Series C produce the founders most likely to build companies that go on to raise Series A. Cate Lawrence 2 hours ago Share Share Send email Copy link Research published today by global early-stage VC firm Antler reveals that the single most important decision a founder can make is which company they work at before building their own, and specifically, whether that company is actively scaling from Seed to Series C stage whilst they are there.
The report, Europe's Growth Stage Founder Factories , which analyses 51,722 European seed-stage companies, finds that working at a startup as it scales from Seed to Series C is the single strongest predictor of founding success. Founders who did so are nearly twice as likely to build startups that reach Series A. No other previous employment or experience comes close.
The research analyses startups in the UK, Germany, France and Sweden that raised a seed round between 2010 and 2021 and finds that, on average, 23 per cent of European startups secure Series A funding. The growth stage founder advantage However, for startups run by founders who previously had direct experience working at a startup whilst it scaled from Seed to Series C, that figure increases to 45. In contrast, Big Tech experience produces exactly the same conversion rate uplift as working at a seed-stage startup - 33 per cent.
For more details please read the original article at Tech.eu.
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