Techstars is a startup accelerator based in Boulder, Colorado with programs in cities across the world. They fund mostly tech-oriented companies with a few exceptions. Approved applicants move to the Techstars location for the duration of their 3 month incubator period. They also offer Innovation Bootcamps and other programs to help startups grow.
Techstars Key Information:
|Founders||Brad Feld, David Brown, David Cohen, and Jared Polis|
|Number of investments||1,649|
|Number of exits||149|
Techstars Can Be Found At:
Recent News About Techstars:
- March 19, 2019 - Cool Offices: Techstars' Farm to Fork Accelerator Is as Much Coworking Space as Office.
- March 18, 2019 - Techstars Looks for Startups to Help Mitigate Mounting Social and Environmental Risks.
- March 7, 2019 - San Antonio Startup Cityflag Joins City-Focused Techstars Program.
What happens during the Techstars 3-month program?
If you're among the fewer than 1% of applicants accepted you'll be offered a $100,000.00 convertible note, of which Techstars contributes $20,000.00 (which is typically used for room and board during the 3 months you're in the program) in return for 6% of common stock. You'll find your top 3-5 mentors who will guide you in growing your startup, then get to work.
Your 3 months will be spent firming up your idea, working alongside the 10 other companies who were accepted, growing your startup, networking, and preparing for further rounds of funding. Your hard work culminates in you presenting your more fully realized vision to potential investors on Demo Day.
How do I become a Techstars mentor?
To start, you need profound levels of experience with industry and/or entrepreneurship. And you need to be dedicated to mentorship, which is pro bono. You have to want to help new founders succeed and grow, and you have to be amenable toward opening your network to new business owners. In short, you have to be able to and want to help and devote your time to the growth of fledgling companies.
Techstars offers a Mentor Manifesto that more fully explains what it takes to be a Techstars mentor.
How do I find a Techstars accelerator in my area?
Techstars has accelerator programs across the world. You can find out the locations and programs offered at Techstars.com. Here are a few programs:
- Alchemist Blockchain Techstars Accelerator - New York, New York: specifically focused on blockchain and cryptocurrency-related startups.
- Arcadis City of 2030 Accelerator - Amsterdam, Netherlands: for startups engaged in making all aspects of future life liveable.
- Techstars Boston: produces some of the best-funded startups across Techstars.
- Techstars Atlanta: the hub of the Southeast's startup community.
- Techstars Chicago: the epicenter of Midwest tech.
- Techstars Seattle: one of the Northwest's most vibrant entrepreneur communities.
- Techstars Detroit: supported by more than 143 automotive and transportation organizations.
- Techstars Music - Los Angeles: Techstars invests in 10 music-related startups per year.
What is Techstars Startup Weekend?
Techstars Startup Weekend offers 54 hours to learn what it takes to create a company. You, assisted by some of the best minds in entrepreneurship, dive deeply into your startup concept and help you start to build a company around it. You'll meet mentors and join a community of founders dedicated to helping you succeed. Tickets are extremely reasonable, and Techstars Startup Weekends are held in both large and small cities around the world.