A $100,000 convertible note is automatically offered to all Techstars companies upon acceptance, in addition to $20,000 in exchange for 6% common stock, plus:

• Access to Techstars resources for life
• Acceleration in the Techstars Chicago program with intense, hands-on mentorship from entrepreneurs, tech executives and investors from across the Midwest
• Connections to the Techstars Network of over 5,000 founders, alumni and mentors globally
• 400 perks worth over $1,000,000
• Office space in Chicago at the 1871 coworking space for the duration of the program. 1871 is the central hotbed of startup activity in the city – VCs, developers and companies all engaging together under one roof
• Demo Day and other investor connections
• Equity Back Guarantee, the only one of its kind in the industry

Historically, Techstars companies go on to average more than $3M raised in outside capital after the program. We believe our stats speak for themselves.

We fund technology oriented companies, typically web-based or other software companies, but we’ve funded companies that don’t quite fit that mold as well. We’re also looking for companies that can have national or worldwide reach. If you are a start-up with a vision that raises eyebrows, a market that can be disrupted, and deep domain expertise, we encourage you to apply!

Yes, you’ll need to come to Chicago to participate, and we encourage you to stay after! But after the program you can go back home. The rest of these answers are on Techstars.com, where a more detailed FAQ covers a lot of other common questions. We recommend you go HERE and read the whole thing.