Techstars provides $18,000* in seed funding from over 75 top venture capital firms and angel investors who are vested in the success of your startup, as well as intense mentorship from hundreds of the best entrepreneurs in the world. Each company accepted into Techstars is also immediately offered an additional $100,000* in convertible debt at their option from a group of prominent venture capital firms.
In exchange for the program and the seed funding, Techstars receives approximately 6% equity. Many people ask what sort of controls the Techstars stock includes. They want to know if they have to give up board seats or other decision making rights. The answer is no – NONE – it’s your company. Our stock has no special rights or controls, and that puts us squarely on your side of the table for the life of the company.
After Techstars, our companies have averaged about $1.5M in outside funding from other investors. Our Demo Day events at the end of each program draw investors from all over the world. Typically there are between 400 and 700 investors at each event. Check out our detailed results.
*For our London program, funding is €15,000 in seed funding. The optional convertible note is €70,000.