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Europe and Israel’s startup founder factories

Europe and Israel's startup founder factories

By 
Accel
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24 May
2023
written by
Accel
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Europe and Israel’s startup founder factories and the founder journey

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.

Download the 2023 founder factories report
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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
“

“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!”

Harry Nelis, Partner at Accel

Download the 2023 founder factories report
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
Click here to read more takeaways and insights from the 2023 report