Startup Accelerator TechStars Showcases Eleven New Startups At Boulder Demo Day
Today, seed fund and accelerator TechStars hosted its “Demo Day” in Boulder, where it showcased its 11 newest startups. With an average funding of $1.28 million raised per TechStars-backed company so far, it was an important day for these new companies as the room was full of investors at the Boulder Theater. TechStars was founded in 2006 in Boulder but now holds programs in Boston, New York City and Seattle as well. Last April, it debuted a new accelerator called TechStars Cloud that focuses exclusively on backing cloud computing and infrastructure startups. Right now, TechStars invests $18,000 in seed funding and provides an optional $100,000 convertible debt note for every startup. Only 17 out of 126 startups have failed since 2006. 13 were acquired. WP_SLIDESHOW_IMAGES = {load: 'http://s1.wp.com/wp-content/mu-plugins/slideshow/slideshow-loader.gif?m=1289605033g',};WP_SLIDESHOW_LABELS = {next: 'Next',prev: 'Previous',stop: 'Toggle Playback'};WP_SLID...