Hi, Techstars funds all types of startups, working in all verticals, using any type of business model. Do keep in mind, however, that the focus is on startups rather than small businesses.
- Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business.
- Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch).
- Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
The deadline to submit applications for this program is 6-Oct-21.
For more information, visit here