July 8, 2017
In February of 2017, we launched our beta class of Techstars Anywhere, our first virtual accelerator. We invested in four great companies who for various reasons relocating or coworking wasn’t the best option for them. They were an AI company with a distributed remote team, an Ag Tech team who worked a farm (in Brooklyn!), a founder with five kids, and a solo CEO from San Diego. Together, they comprised the beta class of Techstars Anywhere and they thrived. They learned from Techstars, and we learned from them.
Techstars is excited to announce that we’re expanding the Techstars Anywhere program to a full 10 company class and will be launching our second Techstars Anywhere class in January of 2018. Applications open July 24, 2017. I will continue to be the managing director and Karina Costa will continue as program director.
Techstars Anywhere is a full Techstars mentorship-driven accelerator program in every sense. Founders will work closely with a world class team of mentors to #domorefaster in an intense 13 week accelerator program. With no geographical boundaries, Techstars Anywhere leverages the Worldwide Network of Techstars to bring an individually tailored mentorship approach to companies in any industry, technology or market.
Several times during the program, we’ll travel to different Techstars accelerator locations to meet local alumni, mentors, investors, and to develop the peer relationships that are so important to Techstars founders. While the accelerator schedule will be on the Mountain time zone, participating companies can be located anywhere.
Our investment in each company will be exactly the same as every Techstars Accelerator program: 6 percent of common stock in exchange for the program, the mentorship, and $20k. Every company will also have access to the standard $100k Techstars convertible note. Every offer we make is backed by Techstars’ Equity Back Guarantee.
Applications will open on July 24th. Techstars Anywhere 2018 will kick off in late January. See our FAQ here.
Read more about accelerators around the country at TechCo
This article is courtesy of Techstars, the best global ecosystem for entrepreneurs to bring new technologies to market. From inspiration to IPO, Techstars empowers the world’s most promising entrepreneurs throughout their lifelong journey by providing a global ecosystem made up of tens of thousands of community leaders, founders, mentors, investors, and corporate partners.
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