Serial entrepreneurs are choosing Antler to launch their next venture - here’s why that’s important

21% of Antler Sydney's second cohort have previously exited a company as a founder or executive.

adele-moynihan

Author

Adele Moynihan

Adele is responsible for Antler’s Pre-Launch and Pre-Seed delivery as well as Antler Advantage. In addition, she plays a critical role in Antler’s fundraising and fund strategy. Previously, Adele was an early hire of now unicorn SafetyCulture and led the assembly of the c-suite of five corporate backed startups at BCG Digital Ventures.

Antler has just kicked off its second program in Sydney with 81 exceptional individuals ready to build the next wave of tech.

In the months leading up to this event, there has been an epic effort by the recruiting team to assemble these experienced and aspiring entrepreneurs from 1,288 applications.

We have an array of stats to demonstrate the strength of the cohort:

📈 37% increase in applications

💪 17% more founders accepted

⚙️ 30% increase in tech founders (builders)

🚀 55% previously launched a startup

But there is one that means the most:

💥 21% have previously exited a company as a founder or executive 💥

Why is this important?

This metric shows that Antler, as well as delivering on our mission of removing the barriers to entrepreneurship and freeing people from corporates, we are attracting those who have done this before and realise Antler's value of being able to fast track their next venture.

The power of this statistic really hit home for me over the last couple of days. As part of Week 1 of the program, we take a moment each day for our founders to introduce themselves to the cohort. In groups of five, each person takes 90 seconds to run through their career background, personal interests, and answer an Antler wild card question. What I have found most impressive about these sessions is that in each of these groups there is at least one person, if not more, that has already founded, scaled and exited a company.

This morning it was Katerina Kimmorley's turn. Katerina co-founded Pollinate Energy, a cleantech that improves the lives of India's urban poor by making sustainable energy products accessible.

Why did she do this? She saw first hand one of the largest blackouts in history. As a result of that blackout, an estimated 700 million people - 10% of the world's population - lost power. She knew she had to do something to help.

Pollinate Energy gives poor communities access to sustainable products to help them and the planet. Such as swapping harmful kerosene, used for cooking and light, for solar alternatives. The company has served897 communities, reached 106,715 people and saved 2,943,063 litres of kerosene. It was established as a for-profit and exited to a charity. This path was chosen by the founders to ensure the ethics of why the company was started could be maintained.

Following on from Pollinate, Katerina joined the founding team of the Clean Energy Finance Corporation to help launch and run the world's largest VC for cleantech, based right here in Australia! The CEFC is a specialist financier, supported by the government, with AU$200 million to invest into early-stage clean energy companies.

No alt text provided for this image

To provide further context, also in Katerina's group that day was Data Scientist KK, Head of Engineering Keith, Lead Product Manager Jono, and commercial leader Justin.

So, why did Katerina choose to start her next business through an Antler program when she was experienced in founding and scaling companies, and also equipped with VC know-how? For her it was the people.

Coming into Antler I amongst 80 other exceptional co-founders with highly diverse skills, ready to build now. I simply do not know how else you would gain access to such an experienced and dedicated pool of talent.

KATERINA KIMMORLEY

Alongside Katerina in the program are those taking to leap into startups for the first time, such as Jack Grundling. Jack led Macquarie Bank's data and analytics function following a career in banking. Joining Antler is his first foray into entrepreneurship.

It's not often you get presented with a clear opportunity to make that life-long dream a reality. The Antler program provided me with a high-probability-of-success option to test out my startup ideas and find the right person to build it with. Removing these long-standing hurdles made the final decision to make the leap pretty easy.

— JACK GRUNDLING

Serial entrepreneurs in Australia are choosing Antler to launch their next venture because of this unique melting pot of talented and experienced professionals.

Having seasoned entrepreneurs like Katerina provides the opportunity to pair with those who have deep corporate understanding to prevent teams from falling into first time founder pitfalls. This is because experienced entrepreneurs are able to identify and navigate the challenges of early-stage startups, and those from corporate backgrounds can help to position a new offering or model the business in a way that can attract attention and appeal to potential corporate customers.

This week, the cohort will be participating in a number of Design Sprints aimed at tackling some of the world's most crucial and important problems. For example, the current climate crisis Australia and providing solutions that will work to solve the United Nations sustainable development goals. Stay tuned to see what these entrepreneurs, corporate high flyers, PhD's and builders will create.

This article first appeared on LinkedIn. Read the original here.

Subscribe to our newsletter

Get the latest news and views from Antler’s global community

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Must-read articles from Antler

Browse our collection of founder stories, industry insights and latest startup successes from Antler Australia

See articles
Insights
5 min read
The 2022 Benelux Unicorn Founder Roadmap: How to build unicorns in Benelux

As everyone anticipates the next wave of ultra-successful companies in Benelux, what does it take to get there? What do the successful founders of Benelux unicorns look like? This report is an in-depth look at the Benelux startup ecosystem and its brightest stars. And above all, it is for anyone who is helping build the next 50 unicorns in Benelux.

Insights
5 min read
The Angle: Why the long-term view is the hard but right one

The Angle is a new content series from Antler, featuring perspectives from our team members on the biggest events and trends impacting founders and early-stage investors today. Every article is that person's unique angle on a hot topic—what they see from their vantage point in one of our 25 offices around the globe—not Antler's stance. In our first edition, Jeff Becker draws lessons from the demise of FTX and turbulent tech moments in recent years. This article first appeared in Jeff's Monday Morning Meeting on Substack.

Founder Stories
5 min read
Jamie Bubb: The tech marketing venture developer connecting brands and content creators

Our new content series—"It All Starts with People"—delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering wtih around the world. In our second spotlight, we sat down with Jamie Bubb, co-founder of Twirl, a remote content studio powered by top-quality creators that helps brands scale their content engines rapidly and cost-effectively.

Insights
5 min read
Venture investing in the downturn

We are living two simultaneous realities: the uncertainty of the current downturn and the unstoppable wave of innovation disrupting every industry. Against this backdrop, Antler's Kevin Brennan shares perspectives on assessing your position in venture capital for the rest of 2022 and into 2023. Might 2023 be the best vintage for the coming decade?

Founder Stories
5 min read
Emilia Theye: The psychologist using AI to democratize access to mental health solutions

Antler was founded on the belief that people innovating is the key to building a better future. To honor them, we are launching a new content series—”It All Starts with People”—spotlighting the exceptional founders we have the privilege of partnering with around the world. Each story is a window into their passions, motivations, and vision—the reasons they are building and the positive dent they are aiming to make on the world.

In our first spotlight, we sat down with Emilia Theye, the co-founder of clare&me—a mental health app that uses language-based AI to develop an innovative approach to virtual self-help.

News
5 min read
Backing founders from day zero to greatness

Today we are sharing our new brand that reflects that commitment and the reason Antler exists: to stand behind our founders from day zero and to keep backing them on their paths to greatness.

Founder Stories
5 min read
Seven ways founders can prioritize mental well-being as they build

Founders are the life force of the startup ecosystem. They give their all, betting on their seemingly “crazy” convictions and executing on abstract ideas that can potentially make our lives and work easier, faster, healthier, and better optimized.

But sometimes they do this to the detriment of their health. Being a founder means being beholden to customers, employees, and investors while balancing personal life. Often founders trade their stable, well-paying jobs to prioritize the restless inquisitivity of their mind. In the quest to answer the question “what if?”, they sometimes sacrifice their mental and physical health, only realizing the effects on their state of mind once they have impacted their ability to function as a leader. We have also seen how the mental pressure on founders can cause distress to those who depend on them for their livelihood and direction.

Insights
5 min read
A fresh take on early-stage VC: Harvard Business School publishes a case study on Antler

Harvard Business School (HBS) recently published a case study about Antler’s fresh approach to early-stage venture capital. Antler Co-Founder Fridtjof Berge shares thoughts on how the case sparks discussion about the best ways to identify and support great people anywhere on earth.