- Techstars
Infobox Company
type=LLC
location_city =Boulder, Colorado
foundation=Colorado ,United States (March 2007 , as TechStars, LLC.)
company_name = TechStars, LLC
key_people=David Cohen
Brad FeldJared Polis David Brown
homepage= [http://techstars.org www.techstars.org]Summary
TechStars is a mentorship driven seed stage investment fund that was founded in 2006. Each year, TechStars selects ten teams working on web/software projects to participate in a summer program in Boulder, Colorado. The companies get access to mentors and potential funding.
Creation
Techstars was founded in 2006 by David Cohen, Brad Feld,
Jared Polis , and David Brown inBoulder, CO . [http://www.techstars.org/details/]Benefits
TechStars provides the summer program in exchange for a 5% stake in each company. At the end of the program, participating teams are given an opportunity to pitch their teams and products to influential investors and industry leaders in an event call TechStars Investor and Demo Day.
Success
TechStars first summer program occurred in 2007. From that class of ten companies, 8 received external funding after the summer program ended.
[http://socialthing.com socialthing!] , one of the TechStars companies from 2007, was acquired by AOL [http://www.techcrunch.com/2008/08/14/confirmed-aol-acquires-lifestreaming-service-socialthing/] in August 2008.
Other notable companies from the 2007 class of TechStars include [http://brightkite.com Brightkite] , [http://eventvue.com EventVue] , [http://filtrbox.com Filtrbox] , and [http://intensdebate.com Intense Debate] .
References
Wikimedia Foundation. 2010.
