Perks

Perks

Only 1% of applicants get into Techstars so if you do then you are among the best. And when you’re the best, you are recognized by these great Techstars partners who give you some fantastic perks. The following is only a sampling of the perks generally available to all Techstars companies, and each of the local offices have many additional perks available from local partners.

Funding

Approximate Value
100K convertible noteTechstars recently announced a $24M+ fund which automatically offers a $100,000 convertible debt note to every Techstars company immediately upon acceptance. This funding is provided by top venture capital firms including Avalon, DFJ Mercury, Foundry Group, IA Ventures, Right Side Capital, Silicon Valley Bank, SoftBank Capital, DFJ Mercury, RRE, as well as Techstars Alumni and several individuals. Techstars companies are already backed by the broadest community for entrepreneurs (over 75 venture funds and angels) and an investment from this broad group of venture capital firms extends their vested interest in your company. $100,000

Payments

Approximate Value
Techstars companies get free payment processing for up to $250,000 in transactions for their first two years from Simplify Commerce, a MasterCard Labs product.$12,000

Travel

Approximate Value
Techstars Founders receive 6,000 Business ExtrAA points, which can be redeemed for up to 3 PlanAAhead® Awards for roundtrip Economy Class tickets within the Continental U.S., Canada, and Mexico.

Legal

Approximate Value
Up to $10,000 in hourly fee discounts to all Techstars participants. For Techstars companies selecting Cooley as primary counsel, low fixed-fee C Corp formation services and comprehensive, high quality start-up document packages, with 100% of the legal fees deferred until you raise capital; as well as free help with financing strategy, investor introductions and a seed round term sheet.$10,000

Banking

Approximate Value
Techstars companies receive free banking, as well as heavily discounted 409a valuation services, and strategic financial consultation.$2,500

Hosting

Approximate Value
Techstars companies receive $10,000 in hosting credits on DigitalOcean, the simple cloud hosting provider built for developers.$10,000
The Azure for BizSpark Plus Offer helps cover your startup’s cloud computing costs by providing a US $5K monthly credit on Windows Azure for 12 months.$60,000
Techstars companies get $2,000/month for 12 months in Rackspace hosting credits, as well as fanatical support.$24,000
Techstars companies get $2,000/month in hosting credit for 12 months (toward both Dedicated Servers and/or Cloud), as well as expert help and advice from SoftLayer's Innovation Team.$24,000
Techstars companies receive $25,000 in AWS hosting credit, two years of premium AWS Business Support, free training materials and more.$35,000
$20,000 in hosting credit is awarded to all Techstars companies.$20,000

Company Services

Approximate Value
With PayPal Startup Blueprint, startups get free PayPal transaction fees waved for 18 months dedicated customer service and ongoing mentorship with PayPal leaders and Developer Relations teams.
Total Value: $297,500