Boot64 Ventures

At Boot64 we are in search of Louisiana's most #innovative new companies and inventors. Are you a founder of a scalable new #startup or do you know somebody who is? We're accepting applications for early stage equity investments on our website, boot64.com. We hope to hear from you soon! #venturecapital #investing #Louisiana #disruptive #economicdevelopment #seedfunding #incubator #mentoring

Attention, Innovators and Aspiring Entrepreneurs!?The application deadline for our NSpire Startup Slam is this Friday, November 15 at midnight. Don't miss the opportunity to compete in in the Northshore's premiere business pitch competition for over ??50,000 in cash and in-kind services! Three finalists will pitch their businesses to a panel of esteemed judges for a chance to win big, and the best part? All finalists walk away with cash prizes, starting at ??2,500! Startups from all industries, backgrounds, and locations are invited to apply. Think you've got what it takes? Apply now: https://lnkd.in/eE35jiSr ?? Save the date: Thursday, January 9, 2025 ?? Columbia Theatre for the Performing Arts, Downtown Hammond, LA ??? FREE and open to the public, get your tickets—https://lnkd.in/enxBV8Un #STartUPNorthshore?#entrepreneurship?#pitchcompetition

Always a great event!

Don't miss this #opportunity! You will benefit from this #awesome program if you are trying to #scale your #startup ?? ?? ??

Great #perspective about #fundraising for any #startup #founder!

Startup class of 2018 -??where are they now? One of the questions I'm asked most is, "how likely is ____?" How likely is an acquisition? How likely is it my company makes it to Series A? So many probabilities. So let's take a concrete example and run through the possibilities. There have been 3,067 US startups that incorporated in 2018 who used Carta as their cap table provider. This analysis looks back over their progress in the intervening 6 or so years. ?????????????? ???????????? ? 1,380 startups are still ongoing (45%) ? 1,522 startups have shut down (49%)??| ????????????????? "??????????????" ??????-????????, ?????? ?????????? ? 161 have been acquired (5%) ? 4 have IPO'd (0.2%) Couple caveats before we jump into the progress tracker. These are US startups only. Pre-seed means they have yet to raise any priced round, though some have raised capital on SAFEs or Convertible Notes. All sectors included except Biotech/Pharma, which was removed because of how different the IPO market is for those companies. How far has this cohort of companies gone so far? ? About 38% remain in the Pre-Seed stage. It's a little tricky to see exactly what's happening in this stage (as Carta is free for anyone who has yet to raise $1 million - so many companies simply don't close their accounts). ?? ? 24% made it to a priced Seed round. Most total acquisitions at this stage as well. ?? ? 25% are at Series A! Largest group of "ongoing" companies remain here. ?? ? About 10% have raised a Series B - and we have our first IPO at this stage as well (meaning Series B was the last round raised before going public). ?? ? Only 3.2% have gotten through their Series C fundraise in 6 years ?? ? 0.7% have made it to Series D or beyond. Those later stages get narrow pretty damn quickly. Now - fundraising isn't the only measure of a company's progress (or perhaps even the best one). I'm sure there are companies in this sample who decided to stop raising rounds and revenue-fund their growth. I just can't tell which they are so can't plot them separately. Hopefully this lends a little data to the feelings around VC-backed startup outcomes. I wonder what surprises you most - or which year you'd like us to dig into next! Subscribe to the Data Minute newsletter at the link in graphic for this sort of data-driven startup analysis every week. #cartadata #startups #venturecapital #fundraising #founders

Boot64 is happy to be participating in this programming!

Just showing up is 80% of winning, right?!?! ??

Great #interview with the #author (Mike Maples, Jr) of the new hit book, #PatternBreakers !

Do you have a great startup idea? We want to talk to you! #VentureCapital #Louisiana #VC #Startups #EquityFunds