Techstars Anywhere Virtual Accelerator Program for Startups worldwide

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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. 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.

We fund all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that our focus is on startups rather than small businesses.

We’re looking for talented founders with the demonstrated skills to do the things they need to do to get to the next level. This usually means they’ve got the technical ability to build and ship product quickly. We look for founders who can sell because you’re always selling… to customers, to investors, to prospective early employees. And we’re looking for founders who have a compelling vision of the future and a clear hypothesis for how to get there.

Application Deadline: October 11th, 2020
Source: Techstars 

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