Competitive Landscape — SRI-Human Ventures
We have analyzed five organizations which are SRI international, Uncharted, GoogleX, Atomic Labs, and Human Ventures. The required information regarding funding sources, work processes, and long term strategy has been compiled in this spreadsheet.
While the details of funding sources were available for most of them, the quantum of funding or revenue was not available for Human Ventures and Uncharted. The details related to work processes and long term strategy has been compiled based on the available information. Long term strategy has not been explicitly mentioned, in case of SRI International, Atomic Labs, and Uncharted but we have drawn inferences from the publicly available information.
We will now discuss in brief each of the five organizations.
Stanford Research Institute, or SRI, is an organization founded in 1946. It is a non-profit, independent research laboratory which works with governments, major corporate and industry leaders. It undertakes most advanced R&D and is accredited with the development of technologies like Siri, online banking, medical ultrasound, and many more.
SRI has revenue of more than $500 million, which is generated from sponsored research and is reinvested back into the organization.
Its long term strategy is not specifically mentioned, but we can see a trend towards partnering with international governments like Saudi Arabia, Mexico, and Oman.
In 2017, it has also invested in two startups suggesting that the organization is looking to tap research capabilities in the startup ecosystem.
Uncharted is an organization which assists entrepreneurs by collaborating with governments, foundations, corporations along with mentors and investors.
While the quantum of funding is unavailable, it has received funding from more than 540 funders including angel groups, international funds, and foundations. It also raises funds through public donations. While explicit, long term strategy is not mentioned, but from the publicly available information, we can infer that organization is focused on building its international network of entrepreneurs and funders. Recently it has launched its accelerator in Nigeria and Pakistan.
GoogleX or X is a subsidiary of Alphabet, the parent organization of Google. It has a budget of around $1 billion per year, which is funded by Alphabet. It works on big problems which would require a radical solution and breakthrough technologies. The team comprises engineers and scientists with deep technical expertise. The ideas are taken to a level, where they are graduated into a separate entity. As per a statement by Astro Teller who is heading X, the mission of X is to improve technologies by a factor of 10 and develop science-fiction type solutions.
Atomic Labs is a VC fund, supported by Peter Thiel and Marc Andreessen. It has raised $20 million in Oct 2017. Atomic Labs is working towards building long-lasting companies. It generates ideas and then finds suitable entrepreneurs for execution. So far it has come up with 10 companies. While no explicit statement has come from leadership regarding long term strategy, it is believed that Atomic Labs is trying to upend the VC model by mashing together the roles of founder and investor.
Human Ventures, is a startup studio fund based out of New York, which helps talented entrepreneurs in starting their companies. It brings in industry experts, advisors, investors, entrepreneur and talent together. Its portfolio includes 12 startups from tutor software to matchmaking in NYC Silicon Alley. The funding detail of Human Ventures is not available. As per the available information, it is a fund founded by Joe Marchese and other New York-based angel investors. Joe Marchese has sold his adtech firm for $200 million to 21st Century Fox in 2014. While no specific focus is mentioned, from our analysis of portfolio companies, it has invested in seven startups founded or co-founded by women out of a total of 12.
The competitive landscape of SRI International, Uncharted, GoogleX, Atomic Labs and Human Ventures has been compiled in the attached spreadsheet.