The Ledger
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Cordoba: Most startup failures stem from founder breakups
“Well, and most, because I worked after I graduated, I worked for Berkeley Skydeck, and most of the, like, startups that fail, fail due to, like, founder breakups.”
Cordoba: Every founder joined Berkeley Skydeck to access its network
“Every founder without fail said the reason I joined is because I want access to the Berkeley network.”
Berkeley Skydeck's primary revenue source is international government partnerships
“Our main source of revenue to support the program is partnerships with mainly international governments. So our biggest partner is JETRO, the Japanese External Trade Association.”
At least half of Skydeck founders raise institutional follow-on capital
“It's at least half of the founders raise good follow-on, you know, institutional professional follow-on capital of the accelerator program.”
Berkeley SkyDeck utilizes around 900 pro bono advisors for its startups
“So we have about 900 people Mostly Berkeley alums, but not all who have signed an agreement to be advisors for our startups pro bono, no charge. We don't pay them and they don't charge the startups anything when the startups are in the program.”
Berkeley Skydeck applications grew from 55 to 3,800 by Batch 21
“When we first started the accelerator batches, and this was before the fund got going. So this was, you know, batch one back in 2000 and 15. We had 55 applications, and we thought that was pretty good. Applications for batch 21, 3800.”
Berkeley Skydeck admits approximately 20 startups every six months
“We take about 20 startups every six months. We do two batches a year”
Berkeley SkyDeck is now open to any startup founder globally
“When I joined, Skydeck was open to students or faculty or alums of Berkeley, UCSF, The Lawrence Berkeley Lab, it was fairly limited, and over time we expanded it to now the accelerator is open to anybody. You can be a graduate of anything.”