Who Can Join Startup Haven
Startup Haven is intended for serious, full-time startup company founders, C-level execs and investors. In general, by “startup companies” we mean venture-scale, growth-oriented companies. The definition of what counts as “venture scale” and “growth” can vary. Here’s what we have in mind.
The startup community attracts tremendously smart, talented, friendly, helpful and inspiring folks — in short: terrific people. Unfortunately, many of these amazing people do not qualify to participate in Startup Haven. If you discover that you don’t meet the qualifications for Startup Haven events please understand that it’s not personal… you’re probably still awesome.
- A venture-scale company progresses along a trajectory of traction — e.g., idea stage, MVP, pre-product, pre-revenue, pre-funding, seed stage, profitability, Series A, B, C, growth stage, acquisition/IPO. Not every venture-scale startup will pass through every stage, but Startup Haven requires that member companies have achieved some recognizable traction along a growth trajectory before joining. Idea stage startups are too early for Startup Haven membership. The baseline for consideration for membership in Startup Haven is that the company has built a functioning (although perhaps still primitive) product. So, pre-product companies are usually too early as well, unless some other meaningful milestones have been achieved.
- A venture-scale company does not deliver it’s principal customer value by their own human employees performing work for another person or company — in general, services performed by humans do not readily scale.
- A venture-scale company has as it’s intended trajectory one of significant scale — e.g., aiming for national or global reach and/or aiming to provide a product or service to a significant market (typically valued in the hundreds of millions to billions of dollars.) There are some exceptions, but they are rare.
- A venture-scale company founder is interested in building a company for which their financial incentives are not the money they make while they are building or running the company (i.e., their income or the company’s profits) but, rather, the financial upside that comes from building a company of great value that produces an out-sized outcome in the future (typically through a liquidity event such as a merger, acquisition or IPO, but also sometimes through immensely scaling revenue.)
- A venture-scale company need never raise venture capital, however the company is of a kind that investors would recognize as, in principle, ‘investable.’ Investors may range from angles to VC and terms may range from convertible debt instruments, to priced rounds to revenue redemption models. As a rule of thumb, venture-scale investors are principally insterested in investments that can return many times their investment (typically 3x to 10x+) over a relatively short period of time (typically 4 years to 10 years.) This means companies that can scale to millions in monthly revenue, grow to tens of millions in annual revenue and/or produce liquidity events in the range of tens of millions, hundreds of millions… and possibly even one billion or more.
If you’re a full-time founder, co-founder (as CEO, CTO, CFO, COO, etc.) of your growth startup then rock and roll… Startup Haven is for you! What makes this role so special? There are many shared experiences that only founders can understand. Then there’s the risk. Your compensation and success depends almost entirely on the long-term success of the company. Employees get salaries and perhaps a tiny bit of stock; founders get heaps of stock and little or no salary. If the company fails, founders can lose a lot… sometimes everything. Employees go get another job (perhaps with the new realization that stock options may not be as valuable as once thought.)
Passion, confidence and commitment are hallmarks of entrepreneurship. Most often, this means pursuing your startup 24/7… and jobs get in the way of that. Of course, quitting your job to pursue your startup is not a litmus test of a true entrepreneur nor a true startup… but it’s definitely a leading indicator of commitment. If you haven’t quit your job at Microsoft or Boeing or Amazon in order to pursue your startup then you may not be ready for Startup Haven. That said, you may be extraordinarily passionate and confident about your startup idea but still need to support yourself (or your family) financially. That’s totally understandable. But if you haven’t yet turned your passion into something that most entrepreneurs would recognize as impressive commitment to a viable startup… then Startup Haven may not be a good fit for you.
What’s “impressive” and what’s “viable”? In a nutshell, something that a room full of serious, committed, full time entrepreneurs who are making huge sacrifices would recognize as kicking ass and taking names. To be clear, that’s a high standard to meet. And just because you’ve been working on our ‘nights and weekends’ project for three years doesn’t mean you have something impressive or viable. We all hope you do someday and one of the ways you’ll know that is that you’ve quit your job to pursue it full time. And yes, the bar is set higher for you if you’re not working at your startup full time.
If this doesn’t sound like where you are then you may want to wait to join Startup Haven. We’ll be here when you’re ready.
It takes a village to raise a startup and the employees, advisors and even families of startups are critical to their success. But Startup Havens’s founder-oriented environment requires that we restrict membership to full-time founders, C-level execs and investors. There are lots and lots of ways for non-founders to connect in the startup community and you should partake heavily of those opportunities. When you make the leap yourself and dive deeply into your own startup then we’ll be here for you!
Boot-strappers are one of the reasons that Startup Haven events are mostly free and the buyins for Poker 2.0 events are kept really low. As long as your working full time on a venture-scale startup then boot-strapping is highly-respected in the ranks of Startup Haven.
An essential purpose of Startup Haven is to help startup founders get and give help to and from other founders. We understand the need to protect pending IP and to shield yourself from potential competitors at certain critical times. But if you can’t talk somewhat openly yet then you won’t be able to get much value out of Startup Haven. It might be better for you to consider joining Startup Haven once you are past your IP concerns and competitive. We’ll be here when you’re ready.
If you were the founding CEO or C-level exec then maybe; the key is how actively involved you are in the startup ecosystem TODAY. If you were hired to replace a founding team member after the company raised money or in some way “took off” then probably not. Although if you are now an active investor in startups then welcome aboard!
The phrase, “growth startup”, is a technical term. Generally, growth startups are companies for which their principal value is not delivered by human beings performing work for another person or company and the intended trajectory of the company is one of significant scale — e.g., aiming for national or global reach and/or aiming to provide a product or service to a significant share of a large and compelling market. There are some exceptions, but they are rare. For example, if your company is a firm that provides consulting or other services, then you’re very likely NOT a growth startup. However, if your company has built a marketplace for people to find the right consultant or other service provider, then you may well be a growth startup. Avvo is a good example of this, as is Porch.
If a cool web site supporting an essentially-non-technical, non-scalable, and/or non-internet-based product/service is your claim to innovation as a tech startup then you’re probably not in the right place. If you are making innovative use of a web site to broadly scale an essentially non-technical business then welcome aboard. Zulily is a good example; so is BiteSquad, Lyft, LittleBorrowedDress , Zappos, ShapeWays.
While there are a few exceptions, the answer is usually “no”. Examples of companies not qualified are technology and marketing firms, design firms, software development firms, recruiting firms, accounting firms, HR services, financial advisors, hosting companies etc. The general rule of thumb is that if most of the folks at the tables would be good customers of your company then you’re more suitably a sponsor for the event… although sponsors also get to play so there’s your chance! That said, if your tech startup company provides a hard core technology Platform (capital “P”… not just a methodology or set of in-house tools) that startups might use then the answer might be “yes”. For example the CEOs of Twillio and Big Door Media would both be welcome at the tables, even though they have startups as customers.
However, you’ll be in a special category of member that may exclude you from certain founder-only events and communication.
One of the primary missions of Startup Haven is to unite startup founders who share a common experience. In most cases, that means trying to start, scale and run a growth business. There is a definition of what a growth startup is at the opening section of this page. If your still not sure if your business is a growth business then drop us a note at [email protected] and we’ll suss it out.
Tech startups need lawyers, bankers, accountants, financial advisors, office space, PR, web hosting… and lots of other stuff. Startup Haven recognizes the value that great service providers bring to startups and to founders. And if you are the founder of your firm, then you’ve done something entrepreneurial. But in order to maintain a high-quality experience for startup founders (and our sponsors), attendance by those working as/with/for service providers is strictly limited. Even if you were/are a startup founder, exec or investor, your current work with or as a service provider would disqualify you (see below, “Luke, I am your father”.) But don’t worry… once you’re back on the startup track without a service provider conflict then you’ll be welcomed back. In the mean time, the best way for you to participate as a service provider is to become a sponsor.
Still think you’re in the right place?
If you still think you’re in the right place, then please take a moment to complete our membership application form. If we agree with you then you’re in. Applications are subject to review so don’t be surprised if we have some follow-up questions or politely invite you to try again when your situation changes. In any case, please don’t fake it and please don’t take it personally — we’re not judging you. The policies behind Startup Haven membership are based on years of experience and observation about how to build the most valuable experience for founders. My bet is that you are pretty awesome even if you are not currently eligible for membership.