There are now fourteen Techstars accelerator alumni or Managing Directors who have gone on to create new venture capital funds. We’re excited by this trend and have decided to highlight these funds on our web site as “in-network funds.”
I already see a common thread between these funds: Give First and the Techstars Code of Conduct are ingrained in the fund managers.
I believe that these people, and therefore also these funds, will do things the right way, with the right values, and put the needs of entrepreneurs first.
While none of these funds are officially dedicated to supporting Techstars companies, they all know first hand the quality of the startups that come through Techstars. Through our in-network funds, we have a virtuous cycle of capital directed back at existing—and future—Techstars portfolio companies, which increases our ability to help entrepreneurs succeed.
This growing pool of micro VC funds shows how much our MDs learn from their experience at Techstars, as we have created a unique environment for learning for future fund managers. MDs at Techstars participate in selecting, investing, and managing 10 companies for each program. In a short time, they get incredible experience as a pre-seed and seed-stage VC.
The more I think about, and work toward, helping entrepreneurs succeed, the more I see the importance of a strong ecosystem in startup success. These in-network funds are a natural extension of the Techstars Network, and a great addition to the startup ecosystems in cities across the U.S.
Above all, I’m proud. I know every one of these people, and each one of them is #TechstarsForLife. I’m proud of what they’re doing to help entrepreneurs succeed.