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Dear Qualtrics
By
Accel
Ryan Sweeney
16 Aug
2023
11 Nov
2018
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Europe and Israel’s startup founder factories and the founder journey
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Former employees of European and Israeli unicorns are founding the next wave of startup. Join us as we explore trends from their emergent companies, and examine the journey from unicorn employee to tech founder. Download the report below.
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At a glance
1171
The number of tech-enabled startups founded by former employees of 221 European and Israeli unicorns
28 months
The average length of time next-gen founders spend at unicorns before founding their own startup
63%
The amount of former unicorn employees who have worked for seven years or more before founding their own startup
Insights
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“Talent is the most fundamental ingredient of any successful tech ecosystem. There’s now a wealth of strong founders and operators building innovative companies that have experienced the startup journey before and have the knowledge to create global success stories. We’re looking forward to seeing the next wave of companies!”
2023 Key takeaways
- Most founders (60%) founded their own startup within a year of leaving a unicorn founder factory
- 54% of the new wave of startups were founded in the same city as the unicorn they were spun out of
- 59% of these new startups have already secured private funding