Accelerators VS Venture Studios. Startupbootcamp & Venturerock | Marc Wesselink

The business model of Accelerators & Venture Studios is explained in numbers! + quotes of Marc Wesselink:
1. I've seen more companies fail because of shitty investors than shitty entrepreneurs.
2. I've been a part of investment committees for many VCs, and they don't know fuck all what they do.
3. Nine out of ten don't know anything about what they invest in.
4. Nine out of ten VCs don't want to lead. They only want to follow.
5. Nine out of ten VCs are not entrepreneurial; they're led by bankers & wankers.
6. Nine out of ten don't have any entrepreneurial experience.
7. Nine out of ten VCs stop after setting up the first fund.
8. Nine out of ten VCs are being outperformed by any index in Europe. It's totally ridiculous asset class.
9. Venture Capital will become non-existent in the next 10 years.

Marc has experience in both managing Startupbootcamp accelerators (with 1000+ accelerated startups) & founding Venturerock venture studio (15 companies built). Comparison in numbers from the Marc's experience:

Accelerators:
Investments per startup: $20K cash + $40K in services
Equity in startups: 8%
Lengths of the program: 3 months
Structure: SPVs $2-3M each (total 35+ SPVs for different acceleration programs)
IRR: up to 46-48%

Venture Studios:
Investments per startup: up to $2.2M until Series A
Equity in startups: ~20% studio + ~30% fund
Lengths of the program: 3 years consisting of 4 phases: 3 + 6 + 9 + 18 months with 72 steps
Structure: Studio + Fund
IRR: double that of accelerators ~90%

Much more numbers, insights, & provocative ideas on both models in the full interview

Potential collaboration suggested by Marc with other venture studios on fundraising
Marc Wesselink also spoke at our VSOC 2 here:    • Venture Studio Online Conference 2: differ...  

00:00 Intro
06:44 About Startupbootcamp
11:58 Differences between an Accelerator and a Venture Studio
16:45 Amount of capital in each SPV & how it is distributed
19:31 Managing an accelerator
23:04 The team
24:03 The Startupbootcamp nowadays
26:15 Measuring the success of portfolio companies
28:08 About Venturerock
35:38 Equity split
36:41 Looking for the right founders
38:46 4 phases or 72 steps of a startup
41:45 Finding Founder-Problem Fit. Portfolio examples
45:58 External investments
47:24 The best structure for studios
48:49 Splitting responsibilities between studio and startup teams
50:50 Joining forces: a fund of studios
53:39 Evergreen structure fees
59:24 Mistakes to avoid

Marc Wesselink:   / marcwesselink1  
Venturerock: https://venturerock.com/
Startupbootcamp: https://www.startupbootcamp.org/

Additional resources from Max Pog & the team:
0. Join the WhatsApp venture studio community: https://chat.whatsapp.com/BMfPTRoIsgt...
1. Get access to the numbers, documents/playbooks, & investors of venture studios by joining the Venture Studio Family (paid community): https://inniches.com/family
2. Read my 7-month report on venture studios (it made me famous in the studio community 😁): https://inniches.com/research
3. Watch our Venture Studio Online Conference 1 with 768 unique visitors on Zoom:    • Venture Studio Online Conference: Hexa, OS...  
4. Watch our Venture Studio Online Conference 2 with 15 speakers on Zoom:    • Venture Studio Online Conference 2: differ...  
5. More content & events for startup studios on my LI page:   / maxpog  
6. My X: https://x.com/maxpogu