Techstars Seattle Accelerator

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 (a “Qualified Financing”). 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.

Other benefits offered by Techstars Seattle:

-Access to Techstars resources for life;

-Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;

-Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;

-Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $5M;

-Demo Day exposure and other investor connections.

Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.

Techstars Seattle funds all types of startups, working in all verticals, using any type of business models. However, their focus is on startups rather than small businesses.

Candidates willing to apply for this program should follow this link.

Last update: May 10, 2022.