The proliferation of tech accelerators and incubators that have popped up over the last decade is wild! Nationally, only *30%* of startups are in business after 5 years. ??
Staying in business past this threshold is a milestone to be celebrated. Embarc Collective launched in March 2019 with 25 Florida-based companies, even before its physical startup hub opened. ??
Since then, it's proven that a model for ongoing and consistent support from a paid team of experienced startup operators, reinforced by a peer community of focused, driven entrepreneurs can increase the survivability of a startup. ??
The result? 96% of the original 25-member companies are still operating and most are still members of the program today. These startups defied the odds of all national survivability trends and I am honored to be working with these entrepreneurs and part of the community as their PR strategist and coach!
Original 25 Members Survivability metrics:
--> 96% survivability rate with 24/25 companies still in business
--> 60% remain, members of Embarc Collective, indicative of how Embarc Collective has evolved to remain relevant to startups’ changing needs and challenges via an expanded coaching roster from 4 to 15 functional and leadership experts!
--> 4 CEO Peer Groups in 2023
--> Build Without Burnout program launching 4 Cohort Peer Groups across 24 CEOs and Founders (next week they have their biggest speaker yet to headline to its community of builders!!)
--> 7 have raised a Series A or beyond
--> 3 startup exits
This community's potential is boundless. Honored and excited to see us grow over the next 5! And special thanks to Inc. Magazine Sydney Sladovnik!
https://lnkd.in/eRsPcub6