Techstars Overview: Startup Support Program

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Questions and Answers

What is the primary purpose of establishing a management company for running Techstars Community Products?

To hold the partnership license and operate local community activities.

What role do local employees play in coordinating community activities?

Local employees facilitate and coordinate events, contributing to the overall engagement of the community.

What types of revenue streams can support the financing of startup community events?

Revenue can come from ticket sales, sponsorships, and returns from investments made into local startups.

What are 'Techstars Community Products' designed to achieve?

<p>They aim to support and enhance local startup ecosystems through structured programs and resources.</p> Signup and view all the answers

How can startups benefit financially from community activities under the Techstars framework?

<p>Startups can share a 10% upside from their activities if they go on to participate in Techstars Accelerators.</p> Signup and view all the answers

What are the three main stages Techstars supports founders through?

<p>Inspiration, Preparation, and Acceleration.</p> Signup and view all the answers

How many events and hackathons does Techstars hold globally?

<p>7,000 events and hackathons.</p> Signup and view all the answers

What is the acceptance rate into a Techstars accelerator after founder catalyst training?

<p>6X greater acceptance rate.</p> Signup and view all the answers

What percentage of startups raised capital after completing the Techstars program?

<p>74% of startups.</p> Signup and view all the answers

What type of training is provided to promising founders during the Preparation stage?

<p>Pre-accelerator training.</p> Signup and view all the answers

How does Techstars contribute to better outcomes for its startups?

<p>By fostering a global network and structured mentoring program.</p> Signup and view all the answers

What is the average market cap of companies that have gone through Techstars?

<p>$111.6B cumulative market cap.</p> Signup and view all the answers

What is the percentage of Techstars startups achieving exit compared to other accelerators?

<p>31% achieve exit, more than any other accelerator.</p> Signup and view all the answers

What is the primary purpose of establishing a Board of Directors in a Techstars partnership?

<p>To create a group of 7 community leaders who feel ownership of the startup community process.</p> Signup and view all the answers

How many local co-chairs are included in the recruitment for the Board of Directors?

<p>Two local co-chairs are included.</p> Signup and view all the answers

What role does the Techstars representative serve on the local board?

<p>They provide alignment and expertise.</p> Signup and view all the answers

What is the maximum investment capital available per startup through the Techstars partnership?

<p>$100K per startup accepted into the Techstars Accelerator.</p> Signup and view all the answers

What is the purpose of the Techstars Founder Catalyst?

<p>To elevate promising founders through a part-time program to shape their ideas, teams, and products.</p> Signup and view all the answers

What are the benefits of participating in the Techstars Community Development Lab?

<p>It trains future startup community leaders.</p> Signup and view all the answers

How does Techstars support local startups after the accelerator program?

<p>They provide unlimited follow-on investing into the community's startups.</p> Signup and view all the answers

What percentage of upside economics is shared back to the local community for sourced companies?

<p>10% of upside economics.</p> Signup and view all the answers

What foundational products does a Startup Community Partnership License include?

<p>Products like Startup Weekend, Founder Catalyst, and Community Development Lab.</p> Signup and view all the answers

What is the role of the Techstars Universe in the partnership?

<p>It provides a space in a global online community for fostering connections and collaboration.</p> Signup and view all the answers

What must local communities do to utilize the Techstars community products?

<p>They must pay the associated costs borne by the licensee.</p> Signup and view all the answers

How often do Techstars Startup Weekends take place in a community?

<p>They run weekend experiences periodically.</p> Signup and view all the answers

What outcome is expected from Techstars Startup Week in terms of community engagement?

<p>It aims for high levels of community engagement from founders to investors.</p> Signup and view all the answers

What is the ultimate goal of a Startup Community Partnership with Techstars?

<p>To build the foundation for long-term founder success.</p> Signup and view all the answers

Flashcards

Techstars

A global startup accelerator program that helps founders from idea to IPO.

Startup Accelerator

A program that supports early-stage companies through mentorship, funding, and networking.

Global Network

Techstars connects founders with a worldwide community of participants.

Improved Chances

Founders in these programs have a better chance of success.

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Better Outcomes

Techstars programs lead to higher chances for capital raising and exits.

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$1B+ Valuation Companies

Companies that have a market capitalization of over a billion dollars.

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Exits & IPOs

Companies that sell themselves to another entity or conduct an Initial Public Offering on the stock market.

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Market Cap

The total market value of a company's publicly traded shares.

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Pre-accelerator Training

Training and support before a startup accelerator Program.

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Techstars Startup Weekend

A weekend-long entrepreneurship experience.

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Techstars Startup Week

An annual celebration of the startup community.

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Techstars Founder Catalyst

A part-time program for promising founders.

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Techstars Community Development Lab

Training for future startup community leaders.

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Startup Community Partnership

A foundational Techstars program with core products and community building methods

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Investment Opportunity

Potential funding for startups ranging from $10K-$100K.

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Techstars Community Partnership License

Multi-year commitment for using Techstars community products and branding.

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Board of Directors

Group of community leaders managing the Techstars program.

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Techstars Anywhere

Premier virtual accelerator for global founders.

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Techstars Startup Digest

A resource/publication for startup news

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Techstars Universe

The global online community associated with Techstars.

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Startup Community Revenue

All income from ticket sales, sponsorships, etc., kept by the licensee.

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Management Company

A company licensed to operate Techstars events and community products.

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Licensing Fee

Yearly fee to use Techstars' brand and programs.

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Event Expenses

Costs like rent, catering, and prizes for events.

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Startup Revenue Sharing

10% of startup success from events goes to the community.

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Local Employee

A full- or part-time employee coordinating community activities (potentially shared with another organization).

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Community Startup Success

The measure of the success of startups supported by the community.

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Study Notes

Techstars Overview

  • Techstars is a startup community and founder support program
  • Focuses on the Philadelphia startup community
  • Has a track record of success, with many companies achieving exits and high valuations
  • Notable companies that have been supported by Techstars include: Alloy, Chainalysis, Classpass, DataRobot, and more
  • Techstars offers "inspiration to IPO" support
    • Inspiration phase involves community building events, hackathons, and newsletters
    • Preparation supports promising founders with pre-accelerator training
    • Acceleration involves pre-seed funding, mentoring, and demo day
  • Global network with 7,000 events, 150 countries, and 428,000 participants
  • The Founder Catalyst program offers pre-accelerator training and helps founders develop ideas, teams, and products
  • 6x greater acceptance rate into Techstars programs after founder catalyst training
  • A Partnership with Techstars provides branding and support for community development and investment
    • Includes startup community license, training, content, and brand
  • Partnership includes developing leaders, identifying and developing founders, and developing ideas and teams
  • Opportunity to deploy investment capital and achieve returns
  • Techstars supports different investment opportunities, for different startup stages (e.g. Startup Weekend, Founder Catalyst, and Accelerator)

Partnership License

  • Multi-year commitment involves continuous Techstars support
  • Includes brand usage rights for Techstars products and services
  • Community is promoted on Techstars website
  • Community participation through Techstars Universe
  • Licensee responsible for all costs (employees, events) but retains revenue (ticket sales)
  • Support includes recruiting outstanding directors and supporting community board structure via best practice sharing
  • Employee training for the local community is provided

Budgeting Considerations

  • Annual licensing fee and management company formation
  • Salaries of employees who manage community activities
  • Renting space for events
  • Catering, prizes, investment capital
  • Revenue includes investment returns, ticket sales, and sponsorship

Overall

  • Techstars aims to help Philadelphia startup communities achieve long-term success
  • Partnership license supports community building, training, and funding opportunities.

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