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Review on StartX (Stanford-StartX Fund) by Jorge Hernández

Revainrating 3 out of 5

Communities of Entrepreneurs Empowering New Companies

Large capital corporations promote startup momentum on many levels; however, sometimes it is not necessary to have a large infrastructure to support the development of new companies.
This premise has been promulgated by StartX; a non-profit organization of entrepreneurs; whose purpose is to promote the growth of new projects and the training of entrepreneurs, through the support of the community of former members of Stanford University.
How does the StartX organization support startups?
The StartX community focuses its support program on new companies; directing their efforts toward fundraising, recruiting valuable staff, and enlisting mentorship from a group of volunteers who were on the staff of Stanford University; either as students, teachers, or others.
What track record does this organization have as a startup promoter?
Despite not having been in the market for a long time (since 2011), the StartX organization has achieved an impeccable trajectory as a promoter of more than 700 new companies; getting to raise a significant amount from its investors; who continue to bet on their successful work.
StartX has developed a valuable mentoring community comprised of Stanford staff, recognized industry mentors, and venture capital firms who support its management as educators of new industry technology organizations.
StartX is an organization that deserves the recognition of the world community for doing an admirable job without the pursuit of profit, but with the will to contribute to the growth of technology and the world economy.




Pros
  • Links developing companies with the Stanford community of experts
  • It does not pursue profit by supporting startups
  • Boosts companies in their initial moment
  • It has a wide network of founders worldwide
  • Has promoted the success of more than 700 new companies
Cons
  • Requires that one of the members of the developing companies have a relationship with a member of the Stanford staff

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