TechStars – An Accelerator You Should Know About
As promised, this post is about TechStars, an accelerator program for startup founders. Founded in Colorado, the accelerator was started by founding members Brad Feld (one of my favorite VCs to follow), David Cohen, David Brown, and Jared Polis. The accelerator is a 13 week program, and has multiple locations all around the world. It’s on par with some of the other notable accelerators/incubators, such as Y Combinator or 500 Startups. No different from the rest, TechStars only accepts 1% of its total applicants. This means, if you’re accepted, you are part of an elite group that’s recognized for being outstanding and above the rest. If you are indeed accepted, TechStars provides the following during your 13 week acceleration:
- Funding – 100K Convertible Note
- Partnerships – Through TechStars++
- Company Services
As you can see from above, TechStars offers a great deal of great services and mentorship for those who get accepted into their accelerator program. Being an entrepreneur/startup founder is no easy task. It’s a competitive market, and you really have to strive to differentiate yourself from the rest. However, if you are able to showcase your true potential and talents, and get accepted into an accelerator such as TechStars, it puts you in a whole new league. Your level increases that much more, and the opportunity for you to take your vision/idea to the next level becomes that much more achievable.
If you’re like me, and an entrepreneur who lives to continue pushing one’s self, I highly suggest you start following TechStars. I also advise you especially to start following Brad Feld. He’s a genuinely great guy, and is one of the sharpest VCs I’ve read about. His blog is always insightful, and he is constantly active on social media, via Twitter. Keep up the hard work and let’s all strive to achieve!
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