Polaris VC Dave Barrett's A Deep Dive Into Dogpatch Labs provides an interesting view and set of numbers on the startup accelerator.
According to Dave (who is a former Lotus collegue):
- To date, over 350 emerging companies have been residents.
- Right now, there are more than 70 teams in the Labs.
- Team quality has never been higher & incredibly-interesting stuff is being worked on. The waiting lists in each location range from over 60 to over 100 interested teams.
- About 100 total DPL companies — or about one third — have received funding. Rounds have ranged from $100K to $10M.
The article also says that Polaris - who started Dogpatch Labs several years ago - has invested in about 10% of the resident companies.
One of the most interesting aspects of the article is Dave's focus on the importance of community in making Dogpatch Labs a success. Key quote:
"... we believe that a fundamental part of Dogpatch’s value comes from catalyzing connections between innovators & their peers, advisors and investors. Lots of entrepreneurs & their friends. Polaris’ network. Other networks. And other investors ... We’ve put a lot of emphasis on building strong @dogpatchlabs communities ..."
This, of course, is pretty much the same thing you hear when you ask coworking facility owners about the importance of community.
Dogpatch Labs is a good example of how startup accelerators and business incubators are embracing coworking and communities to build businesses. Yet another reason why we think coworking is at a growth inflection point.