WSJ for Techstars
January 28, 2015
Techstars closed a $150 million early-stage fund, a much larger pool of money than it previously had, that will enable the firm to capitalize on the global network of startup founders and advisers it has built out in recent years.
Techstars launched its first startup accelerator in Boulder, Colo., in 2007. Since then it has spread around the country and internationally. Nearly 500 startups have gone through its programs. (Venture Capital Dispatch recently looked at the performance of these companies.)
Its accelerator graduates went on to raise about $1.1 billion in venture capital. Techstars’ larger network, including the companies in which its 1,500 advisers have been involved, raised even more capital.