Techstars
| |
LLC | |
Founded | Colorado, United States (2006, as Techstars, LLC.) |
Headquarters | Boulder, Colorado |
Key people |
David Cohen (CEO) |
Website |
techstars |
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.[1]
History
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.[2] Less than 1% of applicants are accepted.[3]
The company held its first program in Boulder in 2007 with ten companies.[4] 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.[5] In subsequent years, Techstars expanded to Boston, Seattle, New York City, a "cloud" program in San Antonio, and Austin.[6][7][8][9]
In January 2011, Techstars launched the Global Accelerator Network (GAN), which links 22 similar programs internationally.[10][11] The network was launched in conjunction with President Barack Obama's Startup America Partnership.[12] GAN is now an independently operated organization. Techstars has also supported the formation of Patriot Boot Camp.[13]
In 2017, Techstars partnered with the venture capital firm Partech Ventures to expand its program to Paris,[14] and in September of the same year was contracted to work with the United States Airforce's new technology accelerator AFwerX.[15]
Structure
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.[16] 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,[17] which is conducted in three phases.[18]
Alumni companies
References
- ↑ Choudhury, Saheli Roy (12 December 2017). "Japanese e-commerce firm to launch program for tech startups in Singapore". CNBC. Retrieved 29 June 2018.
- ↑ Rao, Leena (29 March 2011). "Startup Incubator TechStars Raises $8 Million". TechCrunch. Retrieved 29 June 2018.
- ↑ Chafkin, Max. Future Techstars, Step Forward. Inc.. April 2, 2012.
- ↑ Myers, Courtney Boyd. Techstars: the next great incubator unleashes 11 startups in NYC. The Next Web. April 16, 2011.
- ↑ 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.
- ↑ Results Results: Techstars.
- ↑ Olanoff, Drew. The eleven companies relocated to San Antonio to join the first Techstars Cloud. The Next Web. April 11, 2012.
- ↑ Thomas, Mike. Techstars Program to Jumpstart San Antonio’s Investment Community. The San Antonio Business Journal. April 4, 2012.
- ↑ Dickinson, Boonsri. Microsoft Just Picked 11 Startups to Build Amazing Apps for Kinect. Business Insider. April 2, 2012.
- ↑ "Getting up to speed". The Economist. 16 January 2014. Retrieved 29 June 2018.
- ↑ Global Accelerator Network
- ↑ Spencer, Malia. AlphaLab now part of Techstars Network. Pittsburgh Business Times. January 31, 2011.
- ↑ Crichton, Danny (19 June 2018). "Patriot Boot Camp wants to turn soldiers into entrepreneurs". TechCrunch. Retrieved 29 June 2018.
- ↑ Dillet, Romain. "Techstars launches a new program in Paris at the Partech Shaker". TechCrunch. Retrieved 2017-03-23.
- ↑ "Air Force opens applications for dual-purpose technology accelerator p". U.S. Air Force. Retrieved 2017-09-22.
- ↑ Popper, Ben. How the quiet Adam Rothenberg became number two at hot startup incubator Techstars NY. Venture Beat. March 12, 2012.
- ↑ Fields, Jonathan. Uncertainty: Turning Fear and Doubt into Fuel for Brilliance. Portfolio Hardcover, 2011.
- ↑ 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.
- ↑ Crook, Jordan (July 16, 2013). "TechStars-Backed Bookkeeping Service 10Sheet Relaunches As Bench With New $2M Seed Round". TechCrunch.
- ↑ Lardinois, Frederic (March 23, 2014). "Digital Ocean's Journey From TechStars Reject To Cloud-Hosting Darling". TechCrunch.
- ↑ Wauters, Robin (September 8, 2011). "TechStars Graduate FullContact Lands $1.5 Million, Helps Keep Contact Records Updated". TechCrunch.
- ↑ Cheredar, Tom. Graphicly shutters iOS & Android comic book apps to focus on self-publishing service. Venture Beat. April 5, 2012.
- ↑ Vuong, Andy. Colorado startups becoming tech stars. The Denver Post. April 10, 2010.
- ↑ Kincaid, Jason. Automattic Has Acquired IntenseDebate's Enhanced Comment System. TechCrunch. September 23, 2008.
- ↑ Hendren, Olivia (21 October 2014). "Cincinnati's Lisnr joins top-ranked national accelerator". Cincinnati Business Courier. Retrieved 29 December 2016.
- ↑ "TechStars alum Mocavo grabs $4M to help you find your ancestors - VentureBeat - Deals - by Sean Ludwig". VentureBeat.
- ↑ "Mocavo Acquired By Findmypast: A New Chapter Begins". Mocavo Blog - News, Announcements & More from the World's Largest Free Genealogy Search Engine.
- ↑ Kyle Alspach (6 February 2012). "An unusual TechStar: Murfie seeks to build huge CD store". Boston Business Journal.
- ↑ Ruth, Joao-Pierre. Xconomis of the Week. Xconomy. April 12, 2012.
- ↑ "Sphero". Crunchbase.
- ↑ . Orbotix Sphero is Rolling to an Apple Store Near You. Techcrunch. June 29, 2012.
- ↑ Dizik, Alina. 6 Time-Management Tips from Accelerator Programs. Fast Company. March 14, 2012.
- ↑ "America's Most Promising Social Entrepreneurs 2012". Bloomberg.com. 21 June 2012.
- ↑ Liam Boogar (February 25, 2013). "With 20,000+ users on board, Sketchfab raises a 370K€ Angel round for its YouTube of 3D". Rude Baguette.
- ↑ "Sketchfab raises $2m to scale its "YouTube for 3D files"". Balderton Capital. December 5, 2013. Archived from the original on March 12, 2014.
- ↑ Reisinger, Don. AOL Acquires Lifestreaming Service Socialthing. Mashable. August 14, 2008.
- ↑ Moschen, Isabell (June 6, 2013). "The Two-Wheeled Amenity". New York Times.
- ↑ Schiller, Ben. "A Self-Contained Bike Share To Make College (Or Your Office Park) More Fun". Co.Exist.