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Number of Startup Pitch Competitions
Key Takeaways
- The National Venture Capital Association reported that it has about 1000 members. According to the Angel Capital Association, there are about 300,000 Angel Investors in the US.
- The American Angel reported that US Angel Investors provided funding worth about $25 billion to about 71,000 startups annually.
- A report by Alpha Gama on the top 17 startup competitions in the US showed that winners per competition ranged from about one to ten.
Introduction
This brief provides information on the total number of startup pitch competitions annually in the US. This figure was calculated based on the estimated number of startups that get investor funding in the US per year and the average number of winners per startup competition. Statistics indicated that the US has the potential of hosting over 300,000 startup pitch competitions per year.
Potential of Startup Pitch Competitions
- The National Venture Capital Association reported that it has about 1000 members.
- According to the Angel Capital Association, there are about 300,000 Angel Investors in the US.
- The statistics provided by the National Venture Capital Association and the Angel Capital Association indicate that the US has a capability of hosting over 300,000 startup pitch competitions per year if each of these investors hosted one event.
Estimated Annual Startup Pitch Competitions
- The American Angel reported that US Angel Investors provided funding worth about $25 billion to about 71,000 startups annually.
- Yale Daily News reported that 7 startups won funding worth about $125,000 in the May 2021 Yale Startup Competition. A report by Alpha Gamma on the top 17 startup competitions in the US showed that winners per competition ranged from about one to ten.
- Since the number of winners per competition ranged from one to ten, we assumed that the average number of winners per competition is about 6 (determined by calculating the median of 1 to 10 = (1+10)/2 = 5.5).
- The average total number of startup pitch competitions annually in the US is about 11,800. This was calculated by dividing the number of startups that get funding annually, 71,000, by the average number of winners per competition, 6, = 71000/6=11,833.
Research Strategy
To determine the total number of startup pitch competitions annually in the US, your research team studied the information provided on the websites of firms that research on startups, including the Angel Capital Association, the American Angel, and Alpha Gamma. The team found information indicating the number of startups that win investor funding in the US annually. We also found information highlighting the number of winners per competition for some top startup pitch competitions in the US. The team used this information to calculate the number of startup pitch competitions in the US per year by the formula: Number of competitions per year = Number of startups funded per year/number of winners per competition. We assumed that the startups that won funding got the funds after emerging among the top in startup pitch competitions.