Have a brilliant startup idea? TechStars is listening!

Have a brilliant startup idea? TechStars is listening!

tech-buzz.net
Jan, 21, 2008

nerd praying.jpgIf you are a flat broke entrepreneur with a brilliant startup idea, you just cannot afford to miss this unique opportunity. TechStars, the famous startup fund/incubator, is currently accepting applications for its 2008 intake. Applications close March 31, 2008, that means you have exactly 71 days left to apply.

Remember what happened last Halloween when Condé Nast acquired YCombinator-funded Reddit. Like YCombinator,
TechStars too helps in getting your idea off the ground. By taking up
to ten companies each summer, TechStars fills the huge startup-funding
gap.

Each selected company receives 15k U.S. $ in seed
funding ($5k per founder, maximum $15k) and a chance to pitch to angel
investors and venture capitalists by the end of summer.

The ten winning companies are expected to spend most of
their time in Boulder over the Northern summer establishing their
ideas. In return, TechStars takes 5% of the equity in each startup.

The winners get complete access to TechStar’s offices, where they are offered legal advice, and over 50 highly accomplished mentors to help them build their idea.

If you are a non-US company, you are encouraged to
apply. However, you must legally agree to spend most of your summer in
Colorado.

TechStars companies get 40+ educational opportunities
during the summer. No wonder then, Jared Polis, Founder,
BlueMountain.com and ProFlowers.com, feels that

“It’s a no-brainer. TechStars is the best way for founders to get their companies off and running.”

Among the last year’s winners, eight of the ten companies are currently angel or venture backed, profitable, and/or have had acquisition offers.

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