|Founded||Colorado, United States (2006, as Techstars, LLC.)|
|Jared Polis (Co-founder)|
Techstars is an American seed accelerator, founded in Boulder, Colorado in 2006. As of 2017, the company had accepted over 1,000 companies into its programs with a combined market capitalization of $9.6B USD.
Techstars was founded in Boulder, Colorado by David Cohen, Brad Feld, David Brown, and Jared Polis in 2006. The firm is an accelerator, investing between $6,000 and $18,000 on average in seed funding to tech startups and providing mentorship to entrepreneurs. Less than 1% of applicants are accepted.
The company held its first program in Boulder in 2007 with ten companies. Of the ten, two were acquired that same year. As of 2012, three had achieved positive exits and two were generating millions in annual revenue. In subsequent years, Techstars expanded to Boston, Seattle, New York City, a "cloud" program in San Antonio, and Austin.
In January 2011, Techstars launched the Global Accelerator Network (GAN), which links 22 similar programs internationally. The network was launched in conjunction with President Barack Obama's Startup America Partnership. GAN is now an independently operated organization. Techstars has also supported the formation of Patriot Boot Camp.
In 2017, Techstars partnered with the venture capital firm Partech Ventures to expand its program to Paris, and in September of the same year was contracted to work with the United States Airforce's new technology accelerator AFwerX.
Startups can apply for Techstars' program and their viability is judged by the Managing Director of the program they applied to, as well as a screening committee composed of various members of the Techstars network. In exchange for 6% common stock, each company accepted into Techstars receives $20,000; plus a $100,000 convertible note, access to the Techstars network for life, over $1M worth of perks,[clarification needed] and a three-month accelerator program, which is conducted in three phases.
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