Launchpad 2013 Year In Review

Launchpad Venture Group had a very fun and very busy 2013. We are already looking forward to 2014, but before 2013 is completely set aside, let’s do a quick recap of some key highlights & milestones, by the numbers:

Activity

• Total dollars invested: $7.5M
• New companies in which we invested: 12
• Follow-on rounds in which we invested: 16
• HALO Ranking in deals done: Top Ten in US
• HALO Ranking in dollars invested: Top Ten in US

Rounds

• Largest aggregate group investment in a round: $1.03M+
• Single round investments of $500K or greater: 7
• Individual members making at least one investment 120+
• Number of checks written: 300+
• Average individual check size, first rounds: $35,000

Portfolio

• Exits: 2
• Awesome exits: 0
• Active portfolio companies: 42

Deal Flow

• Companies applying for funding: 750+
• Custom entrepreneur application websites built: 1
• Scouting teams formed 175+
• Scouting reports filed 90+
• Internal member data portals built: 1

Evaluation

• Companies pitched to group: 30
• Unlabeled axis bar chart slides entitled “special sauce”: 1
• Bullets of written feedback given to pitching cos.: 950+
• Due diligence teams formed: 24
• Ave number of mbrs receiving live pitches per mnth: 110
• Additional monthly meeting locations added: 1
• Internal member training sessions: 11

Community

• Participants in Launchpad on Demand sessions: 60+
• Final prize winning MassChall teams LP mentored: 11 

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If you enjoyed this post, you might enjoy: Understanding Crowdfunding for Entrepreneurs & Investors, Thoughts on Crowdfunding, Customer Crowdfunding: Not So Fast Entrepreneurs (Again!), Some Perspective on SEC Rule 506 General Solicitation, Funding Startups (Panel Video).

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