17: Pat Riley Talks Startup Accelerators & How The Game Is Changing

Patrick Riley currently oversees the Global Accelerator Network which is an affiliation of short-term mentorship-driven accelerators started by TechStars. He started his career working for W.L. Gore and Associates and moved into the leadership of the American Red Cross in Washington, D.C. Patrick left the Red Cross to manage the west coast sales and operations for a venture backed healthcare technology company. Following his passion to support start-up companies around the world, Patrick moved into his current role at the Global Accelerator Network. Outside of work, he recently finished his MBA at the University of Colorado and enjoys spending time with his wife, bike riding, traveling, and skiing around Colorado.

Coca-Cola Changing The World, Not Just Making Sugar Water, With 9 Accelerators

I was one of the first people to see the Jobs movie at an early showing on Thursday evening. One of the big highlight scenes in the movie is when John Sculley recounted the conversation he and Steve Jobs had in New York when Jobs went to recruit the then President of Pepsico to become the CEO of Apple. Jobs once considered it to be the worst move of his career (or at least that’s what the movie and Walter Isaacson’s book suggest). In that conversation Jobs reportedly asked Sculley if he wanted to sell sugar water the rest of his life, or if he wanted to change the world.

Well it looks like Coca-Cola isn’t content on just selling sugar water either. Coke has made another global move towards innovatino by supporting startups with nine global accelerators. The company made a bold show of support for startups back in April when it was announced that they were a large corporate sponsor of Startup Weekend and now UpGlobal.

VentureVillage reported on Thursday that Coca-Cola has already started accelerator programs in San Fancisco and Sydney. They also just recently kicked off a program in Mexico City, with Rio de Janeiro, Buenos Aires, Bangalore, Berlin, Singapore, and Istanbul all on tap as well.

Coke isn’t looking for the next wild flavor or even a revamp of its bottles or cans. They are looking for innovation in distribution and well being. Coca Cola’s global Vice President of Innovation David Butler gave a presentation in early August in Sydney outlining the programs.

“About a year and a half ago, the company stepped back and said – what are we not doing in terms of innovation?” Butler explained. “You can get lost in that word but essentially what we came down to is that there was a lot going on in this ecosystem, this community, that we weren’t part of…”

As to what Coca-Cola is looking for, Butler said it was up to the individual programs across the globe. When asked by an audience member; “So it could be as broad as a Coke-branded wearable device that helps you be healthy or it could be, actually Coke will do your deliveries for you?” one audience member asked.

Exactly, Butler replied. “Those are two ideas we’re working on right now.”

Venture Village also reports that this isn’t Coca-Cola’s first shot at startups and accelerators. In 2001 they formed a startup incubator in their hometown of Atlanta, Georgia, that offered $250,000 in seed capital for up to 12% equity. Bloomberg reports that the program eventually fizzed out for unknown reasons.

Check out Coca Cola’s “Innovation Stories” blog here.

The Angel List That Matters, All The Incubators & Accelerator Taking Apps Through Angel.co

Here’s the complete list of incubator and accelerator programs that you can apply to using an account from angel.co (Angel List). If youu’re not familiar with Angel List, it’s one of the three things we recommend you sign up for as soon as you start your startup, the list also includes CrunchBase and Startup America. Info on all three is here at “three free things every startup should do”

Marquee accelerator programs like 500 startups, Techstars and Dreamit Ventures are all using the Angel List platform for easy access to applications. Here’s the complete list.

500 Startups, Silicon Valley program focused on startups everywhere. Founded by crazy ass Sith Lord of Startups Dave McClure. This program promotes entrepreneurship everywhere. Apply here

Techstars, one of the widest recognized brands for startup acceleration based in Boulder CO with programs in Boulder, Seattle, Austin, Chicago and New York. Apply here.

DreamIt Ventures is based in Philly with programs in New York, Austin and Israel. Apply here

Capital Factory is based in Austin with a concentration on revenue vs follow on funding, Apply here

Murker Lab is one of Silicon Beach’s (LA) marquee startup accelerators. Apply here

Alchemist Accelerator based in the valley they are looking for startups with “distincitive technical cofounders” Apply here

sxswVC Fast Pitch at SXSW in Austin Apply here

LaunchPad LA is in it’s 5th class for their LA based mentor driven accelerator Apply here

Amplify.la Amplify is a hands on startup accelerator and multi faceted entrepreneurial campus in Silicon Beach (L.A.) Apply here

Upstart Labs, located in Portland they focus on B2B startups Apply here

Founder Fuel, Is a Canadian based accelerator in Montreal with $50,000 seed and an opportunity for $150k follow on Apply here

Launch Pad, is in the heat of New Orlean’s Super Bowl of startups Apply here

Longhorn Startup is an entrepreneurship class at UT in Texas Apply here

SeedStartup is an international startup accelerator in Dubai Apply here

GSF India is a multi-city startup accelerator in India located in Delhi, Mumbai, Bangalore and Chennai Apply here

nReduce is the online startup incubator Apply here

And why you’re at it why not pick up two tickets to the largest startup conference in the U.S. everywhereelse.co The Startup Conference