It dawned on me last night that as of tomorrow TechStars will have three programs running at same time with about 40 companies actively engaged in programs in Boston, New York, and San Antonio. Last week David Cohen, the co-founder and CEO of TechStars announced that he had raised a new $28 million seed fund called Bullet Time Ventures II. The final companies are being selected for The Kinect Accelerator. The TechStars Boulder applications for this summer’s program close on Friday March 16th.
Not including the active programs, 126 companies have gone through TechStars since we ran our first program in Boulder in the Summer of 2007. We publish all of the results – as of now 110 are still active, 8 have been acquired, and 8 have failed. 772 people are employed by these companies. The percentage of companies getting funded at the end of a class has increased from 70% in 2007 to 90%. When we started, companies received $12,000 to $18,000 depending on number of founders. Today, they receive that, plus $100,000 in the form of a convertible note.
To read the full, original article click on this link: The Acceleration of TechStars
