Podcast Shownotes

Chris Sang on Australian Startups in USA Accelerator programmes (Episode 11, Part 1)

By 2 July 2018 No Comments

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The Story

Chris Sang is a Startup CEO, CTO, Advisory Board Member, Angel Investor and Angel Syndicate Lead. Chris began his career within IT and equities trading, working for major financial institution and insurance corporations here in Australia.

Since 2014, he has become a leading Angel investor in Australia and internationally. He has invested in over 70 Startups across B2C, B2B, AI, IOT, cryptocurrancy, esports and enterprise software.

He has the rare combination of technology development, product management, financial markets and startup investment across Australia and USA.

Listen to the full episode to hear all this, plus things like:

  • A number of Australian startups have been successfully entering US based accelerator programs like Y-Combinator and 500 Startups
  • Some of the best companies from all over the world apply – Y-combinator, for instance, can get over 10,000 applications for each cohort and are now selecting just over 100 companies
  • Typically, US investors will want the founders to be based in the USA and the company will need to be set up there
  • Even in the seed round in the USA, after going through such a program, there is an expectation that they are generating $10 – $15k /month revenue