Techstars Is On the Hunt for Brilliant Startups With 1 Key Trait. Do You Have It?
April 11, 2018
Business accelerator Techstars is on the hunt for brilliant minds behind explosive new ideas. And while it has historically worked more often with men, it’s actively working to engage more women.
First incorporated in November 2006 in Boulder, Colo., to boost area startups, Techstars has grown aggressively over the past 12 years, moving into cities from Boston to Berlin and launching programs in niches like sustainability, healthcare, music and more. To date, more than 3,300 founders running 1,300 companies have gone through its 40 accelerators.
In exchange for common stock in a company, entrepreneurs receive a small cash infusion. And following each program’s 3-month cycle, founders meet with investors, walking away with an average of $2M in follow-on funding. About 75 percent of companies have gone on to secure additional funding or quickly achieve profitability. As of today, 90 percent of participant companies are still in business or have been acquired, and have raised more than $11.4B in funding combined.