Techstars is building the best global ecosystem for founders to bring new technologies to market.
The last few years have seen amazing growth for us as we’ve expanded throughout the world. We are now regularly investing in 16 cities in five different countries, and running Startup Weekend, Startup Week, and other community events in over 600 cities and in 168 countries. Our portfolio of accelerator companies has now raised more than $3 billion and is valued at more than $7 billion, and we have seen well over 100 exits by merger or acquisition to date from our portfolio. We’re now managing $300M of our own capital and have been fortunate to be first round investors of companies now worth upwards of $85 billion.
We’re very proud of the team we’ve put together globally. Techstars now consists of 160 people living and working in the locations where we are investing and building startup communities. As we’ve expanded what we do far beyond just running accelerator programs, we decided it was time to rethink our board of directors and bring in some additional expertise.
We’re thrilled to announce that we’ve added Arthur Lev to our Board of Directors. Arthur is the former Chairman of Morgan Stanley Investment Management as well as a former Managing Director and the Head of Alternative Investment Partners at Morgan Stanley.
As the Techstars ecosystem becomes more global and has more opportunity to invest in great startup communities around the world, we expect that we’ll soon be able to invest $1B+/year in Techstars portfolio companies. We believe that Arthur will be invaluable in helping us develop the right capital strategies for the long term at Techstars.
We’re also very excited to add Wendy Lea, the CEO of Cintrifuse, to the Board of Directors. As a Techstars mentor since 2007, Wendy understands the value of our mission. In 2016, she was instrumental in bringing the most recent Techstars founder event, FounderCon, to Cincinnati, an emerging startup hub in the midwest. Cintrifuse operates an innovative model that integrates large global companies and the startup community in unique and mutually beneficial ways.
As Techstars continues to bring larger corporations into our global ecosystem, we plan to lean on Wendy for strategies that make this a win-win for founders, startup communities, and corporations with a desire for innovation.
The Techstars Board of Directors now consists of me (David Cohen), David Brown, Mark Solon, Brad Feld, Jason Mendelson, Arthur Lev, and Wendy Lea. As a group, we’re excited to help build the global ecosystem for founders and take Techstars into its second decade.