Techstars
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| Type | LLC |
|---|---|
| Founded | Colorado, United States (2006, as TechStars, LLC.) |
| Headquarters | Boulder, Colorado |
| Key people | David Cohen Brad Feld Jared Polis David Brown Nicole Glaros Andy Sack Katie Rae David Tisch |
| Website | www.techstars.org |
TechStars is a mentorship-driven seed stage investment fund founded in 2006 by David Cohen, Brad Feld, Jared Polis and David Brown.[1] TechStars provides seed funding for teams forming web/software companies. The organization holds programs in Boulder, Colorado; Boston, Massachusetts; Seattle, Washington; and New York City, New York. The companies are given access to mentors and work with venture capital firms and angel investors as they look to raise a round of funding.
On 31 January 2011 TechStars Network was launched,[2] linking 22 similar programs internationally.
[edit] History
TechStars was founded in 2006,[3] and is led by David Cohen, Brad Feld, Jared Polis and David Brown.[4] TechStars provides the seed funding and three month mentorship program in exchange for a flat 6 percent stake in each company. Companies receive up to $18,000 in seed funding. To date 70% of Techstars companies have either raised outside funding or become financially self-sustaining.[5]
In February 2011, TechStars partnered with the Ewing Marion Kauffman Foundation. The Foundation provided Techstars with $200,000 in funding to build software utilized by the TechStars Network. This will go towards building and managing a unified application processing and tracking system for seed accelerator programs, dozens of which are part of TechStars Network.[6]
[edit] References
- ^ "TechStars: Summer Camp (and cash) For Entrepreneurs". TechCrunch. http://www.techcrunch.com/2007/01/25/techstars-summer-camp-for-entrepreneurs/.
- ^ "TechStars network". TechStars. http://www.techstars.org/network/.
- ^ "Boulder County Business Databank". http://bcbr.datajoe.com/app/ecom/pub_article_details.php?id=85554.
- ^ "Techstars set to rise over Boulder". Daily Camera. 2007. http://www.dailycamera.com/archivesearch/ci_13072183.
- ^ "First Look at TechStars Historical Results Data". ReadWriteWeb. http://www.readwriteweb.com/start/2010/03/techstars-historical-results-data.php.
- ^ TechStars and Kauffman Foundation Join Together to Provide Entrepreneurs Better Access to Seed Accelerators. (2011, February 16). Targeted News Service, Retrieved March 24, 2011, from General Interest Module. (Document ID: 2268716331).
