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 www.techstars.com

Techstars is a mentorship-driven startup accelerator founded by David Cohen, Brad Feld, David Brown, and Jared Polis that holds 13 week programs for startups in Boulder, New York City, Boston, Seattle, San Antonio, Austin, Chicago and London.[1][2] It is considered one of the best startup accelerators in the world.[3][4][5][6][7] Fewer than 1% of the companies that apply to Techstars are accepted.[8]

As of mid-2015, Techstars has accepted 526 companies into its program. Collectively, these companies have raised over $1,300,000,000 USD.[9] 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.[10][11][12]

A notable competing accelerator is Y Combinator, to which it is often compared.[13][14][15]

History

In 2006, Techstars was founded in Boulder, Colorado by David Cohen, Brad Feld, David Brown, and Jared Polis. Techstars held its first program in 2007 with ten companies.[16] Of the ten, two were acquired that same year, three achieved positive exits by 2012, and two currently generate millions in annual revenue.[17]

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.[18][19][20][21] Techstars has since expanded into many other locations worldwide [4].

In January 2011, the firm launched the Global Accelerator Network, which links 22 similar programs internationally.[22][23] The network was launched in conjunction with President Barack Obama’s Startup America Partnership.[24]

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.[25]

Structure

Startups can apply for Techstars’ program and their viability is judged by the program’s directors.[26] 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, and a three-month support program,[27] which is conducted in three phases.[28] Mentorship is one of the highest values of joining Techstars according to the Handshakin Video Series[29]

Notable Alumni

References

  1. ↑ Rusli, Evelyn. Heirs to Old Money Plunge into Tech. The New York Times. April 4, 2012.
  2. ↑ Innovations & Ideas. The Denver Post. February 4, 2007.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Chafkin, Max. Future Techstars, Step Forward. Inc.. April 2, 2012.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Mentors. Techstars.
  11. ↑ Bilton, Nick. Techstars Nurtures Start-Ups With Mentors. The New York Times. April 8, 2011.
  12. ↑ Jeffries, Adrianne. Techstars NY More Selective than the Ivy League. The New York Observer. November 24, 2010.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Myers, Courtney Boyd. Techstars: the next great incubator unleashes 11 startups in NYC. The Next Web. April 16, 2011.
  17. ↑ 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.
  18. ↑ Results Results: Techstars’’.
  19. ↑ Olanoff, Drew. The eleven companies relocated to San Antonio to join the first Techstars Cloud. The Next Web. April 11, 2012.
  20. ↑ Thomas, Mike. Techstars Program to Jumpstart San Antonio’s Investment Community. The San Antonio Business Journal. April 4, 2012.
  21. ↑ Dickinson, Boonsri. Microsoft Just Picked 11 Startups to Build Amazing Apps for Kinect. Business Insider. April 2, 2012.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Global Accelerator Network
  24. ↑ Spencer, Malia. AlphaLab now part of Techstars Network. Pittsburgh Business Times. January 31, 2011.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Popper, Ben. How the quiet Adam Rothenberg became number two at hot startup incubator Techstars NY. Venture Beat. March 12, 2012.
  27. ↑ Fields, Jonathan. Uncertainty: Turning Fear and Doubt into Fuel for Brilliance. Portfolio Hardcover, 2011.
  28. ↑ Patterson, Irina and Candice Arnold. [1]. Sramana Mitra. March 7, 2011.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ [2]. Crunchbase
  32. ↑ Shu, Catherine. Good.Co Wants To Put Employees In Good Company. TechCrunch. August 22, 2014.
  33. ↑ Cheredar, Tom. Graphicly shutters iOS & Android comic book apps to focus on self-publishing service. Venture Beat. April 5, 2012.
  34. ↑ Vuong, Andy. Colorado startups becoming tech stars. The Denver Post. April 10, 2010.
  35. ↑ Leswing, Kif. Lua error in package.lua at line 80: module 'strict' not found.
  36. ↑ Kincaid, Jason. Automattic Has Acquired IntenseDebate's Enhanced Comment System. TechCrunch. September 23, 2008.
  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  39. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  40. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  41. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  42. ↑ Ruth, Joao-Pierre. Xconomis of the Week. Xconomy. April 12, 2012.
  43. ↑ Baptiste, Jason. Fundraising: From $1,000 To $1,000,000. April 8th, 2012.
  44. ↑ [3]. Crunchbase
  45. ↑ . Orbotix Sphero is Rolling to an Apple Store Near You. Techcrunch. June 29, 2012.
  46. ↑ Dizik, Alina. 6 Time-Management Tips from Accelerator Programs. Fast Company. March 14, 2012.
  47. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  48. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  49. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  50. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  51. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  52. ↑ Reisinger, Don. AOL Acquires Lifestreaming Service Socialthing. Mashable. August 14, 2008.
  53. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  54. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  55. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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