Under the Radar is Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media (for those with a longer memory, they used to be IBDNetwork) , covering business applications, social media, entertainment, mobility..etc.
The 11th Under the Radar conference in Mountain View, CA on April 24, 2009 will focus on Cloud Computing and Business Applications and as such it’s an obvious fit for CloudAve. We are media partners and both Krish and myself will attend.
While a conference in name, it’s actually a giant Startup Launchpad – the American Idol of startups. Typically 32 finalists are selected, who will present in a rapid-fire format – they are grouped in categories of 4 each, in two parallel tracks and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced.
But why bother in the middle of the worst recession most of us have seen? After all, no startups get funded now – you may think. Well, if you think VC investment all dried up, just look at these two UtR companies picking up $27M in funding. In fact Dealmaker Media claims that in the past 3 years alone, presenting companies have gone on to raise over $1.36 Billion. Some additional stats on Under the Radar “graduates”:
49% have gone on to raise funding or be acquired
14% have been acquired by companies such as Google, eBay, Microsoft, Yahoo and Cisco
$14 Million average has been raised by presenting companies
I guess the Dealmaker name is justified, after all . Other than the presentations, these events are also an excellent networking opportunity amongst the 400 or so attendees, so let’s look at the previous years’ attendance statistics by provided by Dealmaker Media:
It certainly looks like the right crowd to mingle with for investment-hungry startups. Currently about half the slots are filled by these finalists:
Obviously that means there is still room for more. So if your startups fits one of these categories:
Cloud Infrastructure | Platforms | Virtualization | Saas | Mashups | Collaboration | Communication | Business Apps | Development Tools (Utilities, OS, etc…) | Mobile Office | Semantics | Commerce | Social software/ networks | Sync (online/offline)
and meets the general criteria:
- Unique value proposition
- Ability to monetize product/business
- Large market opportunity
- Must still be considered “under the radar” – launched in 2009
- Company must be an actual startup – not a new product from a large company
We will talk about UtR more here @ CloudAve – it will no doubt be an exciting competition.