Today, seed fund and accelerator, TechStars, will be hosting its “Demo Day” in Boulder, where it will showcase its 12 newest startups. The accelerator expects over 500 people to be on hand, including investors and venture funds, who will be on hand to vet the young founding teams and potentially take out those checkbooks.
Founded in 2006 in Boulder, TechStars has expanded its operations to include New York City, Boston, and (most recently) Seattle, where the accelerator holds seasonal programs for 10 to 15 startups, investing up to $18,000 of seed capital in each team at a 6 percent equity stake. And, so far, TechStars has proven valuable to its entrepreneurs; according to TechStars’ website, 81 percent of its alumni remain active or profitable, 10 percent have already been acquired, with 8 percent having gone out of business.
To read the full, original article click on this link: Startup Accelerator TechStars Hatches 12 New Companies In Boulder (Here’s A Peek) | TechCrunch
Author:Rip Empson
