Review on Techstars by David Olayide
The Techstars Incubator, Accelerator Company
Accelerator companies are one of the most important aspects of the economy today. Think about how many hundreds of innovative companies with great ideas and solution strategies lack the required funding or capital and investors to bring their wonderful dreams to live. This is why we need the likes of incubator and accelerator companies like Techstars to foster and help build up startup companies by solidifying them at the base stage.
Techstars was founded in 2006 and it provides funding for early stage companies and entrepreneurs. Techstars also offers a 3 month mentorship accelerator program. Now when I initially came across the company one thing stood out to me which I noticed. I discovered that they partner with a host of many partners in other to expand their reach. This is certainly a very good strategy if you ask me.
Startups with interest can apply for the Techstars’ program and in exchange for 6% common stock, each company accepted into Techstars will receives very reasonable funding and support, access to the Techstars network for life, and most importantly I think, access to investors. So from aspiring founders to early stage entrepreneur level, Techstars can help boost your ideas into the thriving business or enterprise you have envisioned.
Techstars has a very impressive track record of having provided support for a figure of 2,379 companies 85.8% of which are still active or already acquired, and a total funding amount of about $11.4 billion. From the sectors of aerospace, to finance, logistics, and retail, Techstars has successfully been connecting them to a network of successful mentors and partners.
I am really optimistic about Techstars and I think that their presence on the economy will ever only be a positive one that all can benefit from to improve the global economy.
Pros
- Techstars provides Startups and early stage entrepreneurs with mentorship, funding and an accelerator program
- Startups also have access to investors after the program
- Impressive track record of successful mobilization and funding
Cons
- No disadvantages whatsoever
