Techstars

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Techstars, LLC
LLC
Founded Colorado, United States (2006, as Techstars, LLC.)
Headquarters Boulder, Colorado
Key people

David Cohen (Co-founder and CEO)
Brad Feld (Co-founder)
David Brown (Co-founder)

Jared Polis (Co-founder)
Website techstars.com

Techstars is a Worldwide Network that helps entrepreneurs succeed. Techstars was founded in Boulder, Colorado in 2006 by David Cohen, Brad Feld, David Brown, and Jared Polis. Through the Techstars Worldwide Entrepreneur Network, founders and their teams are able to connect to other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners that will help their companies grow.

Techstars operates accelerators in Boulder, New York City, Boston, Seattle, Austin, Chicago, Kansas City, Los Angeles, Atlanta, Detroit, Minneapolis, London, Adelaide, Tel Aviv, Cape Town, Toronto, and Berlin.[1][2] Techstars has both industry agnostic "city" programs, and "vertical" programs typically operated in partnership with large corporations. It has been praised as a startup accelerator by a number of groups.[3][4][5][6][7] Fewer than 1% of the companies that apply to Techstars are accepted.[8]

Techstars has accepted over 1000 companies into its programs.[9] Collectively, these companies have raised over $3.3B USD and have a market cap of over $8.1B.[10] Program mentors include Foursquare CEO Dennis Crowley, tumblr CEO David Karp, HubSpot co-founder and CTO Dharmesh Shah, and Fred Wilson of Union Square Ventures.[11][12][13]

A notable competing accelerator is Y Combinator, to which it is often compared.[14][15][16]

History[edit]

In 2006, Techstars was founded in Boulder, Colorado by David Cohen, Brad Feld, David Brown, and Jared Polis. Techstars held its first program in Boulder in 2007 with ten companies.[17] Of the ten, two were acquired that same year, three achieved positive exits by 2012, and two currently generate millions in annual revenue.[18]

In subsequent years, Techstars expanded to four additional cities: Boston in 2009; Seattle in 2010; New York City in 2011; a "cloud" program in San Antonio in 2012; and Austin in 2013.[19][20][21][22] Techstars has since expanded into many other locations worldwide.[23]

In January 2011, the firm launched the Global Accelerator Network (GAN), which links 22 similar programs internationally.[24][25] The network was launched in conjunction with President Barack Obama’s Startup America Partnership.[26] GAN is now an independently operated organization. Techstars has also supported the formation of Patriot Boot Camp.[27]

In September 2013, Techstars made its first acquisition with NameLayer, a repository of “high-quality,” tech-focused domain names. It now offers these domain names to its program participants.[28] In June 2015, Techstars announced the acquisition of UP Global, reintegrating programs like Startup Weekend into the Techstars family.[29]

In 2017, Techstars partnered with venture capital firm Partech Ventures, to expand the program to Paris.[30]

In September 2017 Techstars was contracted to work with the United States Airforce's new technology accelerator AFwerX.[31]

Structure[edit]

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.[32] 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, and a three-month accelerator program,[33] which is conducted in three phases.[34] Mentorship is one of the highest values of joining Techstars, according to the Handshakin Video Series[35]

Notable alumni[edit]

References[edit]

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  2. ^ Innovations & Ideas. The Denver Post. February 4, 2007.
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  6. ^ "7 key things you need to know about an accelerator like Techstars - VentureBeat - Entrepreneur - by Mo Marshall". VentureBeat. 
  7. ^ "The Best Startup Accelerators Of 2015". Forbes. 17 March 2015. 
  8. ^ Chafkin, Max. Future Techstars, Step Forward. Inc.. April 2, 2012.
  9. ^ "Techstars 2016 Impact Report". Techstars 2016 Impact Report. Retrieved 2017-03-09. 
  10. ^ "Techstars Alumni Companies". Techstars. 
  11. ^ Mentors. Techstars.
  12. ^ Bilton, Nick. Techstars Nurtures Start-Ups With Mentors. The New York Times. April 8, 2011.
  13. ^ Jeffries, Adrianne. Techstars NY More Selective than the Ivy League. The New York Observer. November 24, 2010.
  14. ^ Yuliya Chernova. "Techstars Graduates’ Survival Rates: What the Numbers Show". WSJ. 
  15. ^ "Disrupters disrupted". The Economist. 14 May 2015. 
  16. ^ "Y Combinator beats the odds in tech investing". BostonGlobe.com. 
  17. ^ Myers, Courtney Boyd. Techstars: the next great incubator unleashes 11 startups in NYC. The Next Web. April 16, 2011.
  18. ^ Bigelow, Bruce V. Lessons from Techstars’ David Cohen on Building a Startup Culture: 7 Takeaways from the Xconomy San Diego Dinner. Xconomy. February 3, 2012.
  19. ^ Results Results: Techstars’’.
  20. ^ Olanoff, Drew. The eleven companies relocated to San Antonio to join the first Techstars Cloud. The Next Web. April 11, 2012.
  21. ^ Thomas, Mike. Techstars Program to Jumpstart San Antonio’s Investment Community. The San Antonio Business Journal. April 4, 2012.
  22. ^ Dickinson, Boonsri. Microsoft Just Picked 11 Startups to Build Amazing Apps for Kinect. Business Insider. April 2, 2012.
  23. ^ http://www.techstars.com/program/locations/
  24. ^ "Techstars network". Techstars. 
  25. ^ Global Accelerator Network
  26. ^ Spencer, Malia. AlphaLab now part of Techstars Network. Pittsburgh Business Times. January 31, 2011.
  27. ^ "Techstars Announces Patriot Boot Camp - Techstars". Techstars. 2012-06-04. Retrieved 2017-03-09. 
  28. ^ "TechStars buys NameLayer to save its startups from awful domain names - VentureBeat - Deals - by Ricardo Bilton". VentureBeat. 
  29. ^ "Techstars Acquires UP Global Including Startup Weekend and Other Programs - Techstars". Techstars. 2015-06-16. Retrieved 2017-03-09. 
  30. ^ Dillet, Romain. "Techstars launches a new program in Paris at the Partech Shaker". TechCrunch. Retrieved 2017-03-23. 
  31. ^ "Air Force opens applications for dual-purpose technology accelerator p". U.S. Air Force. Retrieved 2017-09-22. 
  32. ^ Popper, Ben. How the quiet Adam Rothenberg became number two at hot startup incubator Techstars NY. Venture Beat. March 12, 2012.
  33. ^ Fields, Jonathan. Uncertainty: Turning Fear and Doubt into Fuel for Brilliance. Portfolio Hardcover, 2011.
  34. ^ Patterson, Irina; Arnold, Candice (March 7, 2011). "Business Incubator Series: An Interview With David Cohen, Founder And CEO, Startup Accelerator TechStars – Boulder, Colorado (Part 1)". Sramana Mitra. 
  35. ^ "David Cohen, Co-founder/Managing Partner of Techstars". Handshakin Video Series. Retrieved 2015-12-27. 
  36. ^ Crook, Jordan (July 16, 2013). "TechStars-Backed Bookkeeping Service 10Sheet Relaunches As Bench With New $2M Seed Round". TechCrunch. 
  37. ^ Lardinois, Frederic (March 23, 2014). "Digital Ocean’s Journey From TechStars Reject To Cloud-Hosting Darling". TechCrunch. 
  38. ^ "TechStars Grad Distil.It Lands $1.8M To Help Your Business Put A Stop To Bots, Web Scraping & Content Theft". TechCrunch. AOL. 24 January 2013. 
  39. ^ Wauters, Robin (September 8, 2011). "TechStars Graduate FullContact Lands $1.5 Million, Helps Keep Contact Records Updated". TechCrunch. 
  40. ^ Cheredar, Tom. Graphicly shutters iOS & Android comic book apps to focus on self-publishing service. Venture Beat. April 5, 2012.
  41. ^ Vuong, Andy. Colorado startups becoming tech stars. The Denver Post. April 10, 2010.
  42. ^ Leswing, Kif. "Infinit revisits personal peer-to-peer file sharing". June 9, 2014. Retrieved January 25, 2015. 
  43. ^ Kincaid, Jason. Automattic Has Acquired IntenseDebate's Enhanced Comment System. TechCrunch. September 23, 2008.
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  45. ^ Hendren, Olivia (21 October 2014). "Cincinnati’s Lisnr joins top-ranked national accelerator". Cincinnati Business Courier. Retrieved 29 December 2016. 
  46. ^ "TechStars alum Mocavo grabs $4M to help you find your ancestors - VentureBeat - Deals - by Sean Ludwig". VentureBeat. 
  47. ^ "Mocavo Acquired By Findmypast: A New Chapter Begins". Mocavo Blog - News, Announcements & More from the World's Largest Free Genealogy Search Engine. 
  48. ^ "TechStars London Unveils First Cohort, Applications Increased 4x Post-Springboard Merger". TechCrunch. Retrieved 15 February 2015. 
  49. ^ Kyle Alspach (6 February 2012). "An unusual TechStar: Murfie seeks to build huge CD store". Boston Business Journal. 
  50. ^ Ruth, Joao-Pierre. Xconomis of the Week. Xconomy. April 12, 2012.
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  55. ^ "Techstars Seattle Startup Shippable Raises $2.05M For Continuous Integration Platform Built On Docker". TechCrunch. Dec 10, 2013. 
  56. ^ "ShuttleCloud". CrunchBase. May 31, 2012. Retrieved July 16, 2013. 
  57. ^ "America's Most Promising Social Entrepreneurs 2012". Bloomberg.com. 21 June 2012. 
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  60. ^ Reisinger, Don. AOL Acquires Lifestreaming Service Socialthing. Mashable. August 14, 2008.
  61. ^ Semyon Dukach (August 14, 2014). "TechStars Boston 2014 Class". TechStars. 
  62. ^ Stan Bokov (July 16, 2015). "Social network for investors TradingView raises $3.6m". Finextra. 
  63. ^ Moschen, Isabell (June 6, 2013). "The Two-Wheeled Amenity". New York Times. 
  64. ^ Schiller, Ben. "A Self-Contained Bike Share To Make College (Or Your Office Park) More Fun". Co.Exist. 

External links[edit]