TGB //Ecosystem Navigator
For Investors & VCs

Regional pipeline and capital analysis

Will this region keep producing investable companies?

Start with a locally tailored analysis of the regional pipeline behind your deal flow. Then compare what founders, economic developers, universities, and capital providers see across the ecosystem. The Groundbreakers Ecosystem Navigator turns those vantage points into shared evidence about talent, commercialization, capital, and reinvestment.

Pipeline quality assessment
Deal flow sources mapped
Regional evidence base

Pitch decks explain the company. A shared ecosystem analysis tests whether the surrounding market has the talent, customers, capital, and reinvestment patterns needed for sustained growth.

Start with your place

Run your first diagnostic in five minutes

Choose a place and your role. The questions are written around the institutions and conditions in that region.

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The free report

What the questions and the report look like

Each question names the institutions in your region. The report gives a key finding, a score for each stage of the innovation cycle, and recommended actions written for investors.

Diagnostic question for Decatur, Georgia, naming the City of Decatur, Agnes Scott College, Georgia State University Perimeter College, and Georgia Tech

A question, written for one place

Decatur, Georgia. The question names the City of Decatur, Agnes Scott College, Georgia State University Perimeter College, and Georgia Tech.

Innovation cycle assessment for Decatur, Georgia, with a key finding and scores for four stages

Key finding and cycle scores

The report names the stage where value stops moving and says why.

Common questions about a regional fund thesis

Four questions investors ask about a region before committing capital, and what the diagnostic can tell you about each one.

"Deal flow is thin. I see the same founders recycled."

Thin deal flow is usually a pipeline problem, not a networking problem. The diagnostic looks upstream: are universities producing research that can be commercialized? Are accelerators turning ideas into investable companies? Is the ecosystem feeding your funnel or starving it?

"My best portfolio companies leave to scale."

When founders leave, the ecosystem cannot support growth-stage companies. The diagnostic shows which gap is driving it (talent, follow-on capital, customers, or suppliers) and whether it can be fixed.

"There's no co-investment partner locally."

Syndication depends on how much capital is nearby. The diagnostic maps who else is investing, which stages they cover, and whether the region's capital stack has gaps that limit deal size and follow-on rounds.

"Returns leave the region when companies exit."

If exits keep sending value to larger hubs, local investing stops compounding. The diagnostic scores capital recycling and reinvestment patterns.

Group diagnostics

Compare how different people rate the same ecosystem

The investor and capital market view is one part of the picture. Ecosystem Navigator collects it alongside the people who work in the same ecosystem from other roles, then shows the group where they agree, where they differ, and what to look into next.

01

Diagnose

Run a locally tailored diagnostic from your own role. The free version is 10 questions and takes about five minutes.

02

Compare

Invite people who work in the ecosystem from other roles, then see where their responses agree and where they differ.

03

Decide and measure

Investigate the evidence, share clear priorities, and repeat the same exercise to make change visible over time.

Table showing where each place or participant rates higher or lower than the group average

Difference from the group average

Group results in Pro Benchmark. Each row shows where one place or participant rates higher or lower than the rest of the group.

What produces the deal flow in a region

The Virtuous Innovation Cycle (VIC) shows how knowledge becomes investable companies and how returns get reinvested. Investors depend on the creation and reinvestment stages. The quality of those stages depends on the research, talent, and connections that come before them.

Stage 1: Knowledge and talent

The research and talent future deals come from

Universities, research labs, workforce programs. If talent and knowledge production are weak today, your deal flow will thin in 3 to 5 years. The diagnostic rates the upstream pipeline.

Stage 2: Connections

Where ventures get formed

Accelerators, incubators, university-industry collaboration. This is where ideas and founders find each other, get mentored, and become investable. Low ratings here mean promising research may never reach investors.

Stage 3: Creation and impact

The companies and exits you invest in

Startups, growth companies, industry adoption. The diagnostic rates the quality and volume of companies the ecosystem is producing, and whether they stay local or leave before you can invest.

Stage 4: Reinvestment and growth

Whether returns are reinvested locally

Do exits recycle capital locally? Are successful founders reinvesting as angels? This stage determines whether your investment thesis compounds over time or drains with every exit.

What the platform gives you

The first diagnostic gives a market read. Multiple perspectives build an evidence base for your regional investment thesis.

A scored baseline for the pipeline

Scores for talent depth, commercialization paths, venture creation, capital access, and reinvestment patterns.

Group diagnostics

Compare founders, universities, EDOs, and capital providers on the same questions to find market signals one group is misreading.

Evidence base

Each run adds answers, scores, assets, recommendations, and citations to a record of how the investment environment is changing.

Reports for LPs and co-investors

Shareable reports, PDF export, stakeholder briefs, and market-building priorities for angel networks, co-investment, and founder retention.

What the report says that funding totals do not

Market reports count startups and funding rounds. The diagnostic assesses the ecosystem that produces them.

What market reports tell you
  • Series A deals closed: 12
  • Total VC invested: $45M
  • Startups founded: 87
  • Exits: 3
What this diagnostic tells you
  • “The handoff from knowledge and talent to connections received low ratings. University research rated well, while commercialization paths did not.”
  • “Capital recycling scores 1.6. Exits are extracting value, and no local angel network is reinvesting returns.”
  • “Two accelerators operate without university pipeline access. Connecting them to the research park would...”

Questions from investors

I invest in companies, not ecosystems. Why should I care?
Your portfolio companies do not grow in a vacuum. They need talent to hire, customers to sell to, mentors to learn from, and follow-on capital to scale. The diagnostic shows whether the ecosystem around your investments can support growth, or whether your best bets will relocate to find what they need.
How does this help my investment thesis?
If you are deploying capital in a specific region, you need to know whether the pipeline will last. The diagnostic looks upstream from deal flow: are universities producing relevant research, are accelerators turning ideas into investable companies, and is the talent pool deep enough to support scaling? It is due diligence on the environment, not just the company.
Can I share this with LPs or co-investors?
Yes. The report includes a shareable link, PDF export, and charts. It gives a research-backed view of ecosystem health that goes beyond startup counts and funding totals, which is useful for LP updates and co-investment conversations.
Can regional partners run it too?
Yes. Group diagnostics are most useful when founders, universities, EDOs, and investors see the ecosystem from different angles. Comparing the same questions across those groups gives one analysis of deal flow, capital gaps, and reinvestment, and shows where an investment thesis rests on partial information.
How is this different from PitchBook or Crunchbase data?
PitchBook tells you what happened (deals, valuations, exits). This diagnostic examines the conditions behind deal flow. Low ratings for knowledge, talent, and connections can point to risks that deal totals do not show.
What does the free version include?
The free report includes an executive summary, an innovation cycle diagnosis with a score for each stage, a map of the region's institutions, scores across 35 dimensions, and the three highest-priority recommended actions. Pro Benchmark adds every recommended action, findings for each dimension, six deep-dive modules on capital flows, talent pipelines, and commercialization, and group diagnostics.

Pro Benchmark

What Pro Benchmark adds to the free report

Start with the free diagnostic. Then invite investors to answer the same questions, compare places, and keep every result in one evidence base.

  • Unlimited 15-question diagnostics for any place
  • Group diagnostics: invite others and see where ratings agree and split
  • One evidence base across every report, with portfolio and territory views
  • Six Deep Dive modules on specific questions
  • Stakeholder briefs, branded reports, and follow-up questions answered from your reports

Run the free diagnostic for a region you invest in

Ten questions about the region. A report on whether its ecosystem can keep producing investable companies.

Get your region's free report

10 questions · About 5 minutes · No account required