Founded in 2007, this program is the original Techstars accelerator and has helped over 150 companies (who have raised over $1B) take their business to the next level. Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.
Opportunity focus areas:
Note: The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
Note: You must own a Startup.
Note: Their focus is on startups rather than small businesses.
Note: Techstars wants to be viewed as a co-founder. They don’t want any special or controlling interests in your company. They won’t ask for a board seat or for any uncommon investor rights. You will still run the show.
Note: They do require that you be primarily based on-site during the program.
Note: You can not join the program as a single founder you must be in a team with other co-founders.
Note: Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program.
Note: Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
Note: Access to Techstars resources for life.
Note: Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office.
Note: Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members.
Note: Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $1M.
Note: Demo Day exposure and other investor connections.
Note: They provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. They just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.
Note: They don’t provide a place to live. If you’re accepted into Techstars, their local teams will provide additional resources to help you find housing.
Note: In return receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch).
Note: You must share the url of a video describing your company product and team.