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Research Outline
Prepared for Fred S. | Delivered October 27, 2019
Techstars Company Analysis
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Goals
To provide a company analysis of Techstars focusing on their corporate innovation practice.
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Early Findings
Techstars - Financial Information
Techstars is located in Boulder, Colorado. It has
180
employees.
It helps
entrepreneurs
succeed through a worldwide network.
The company has received
$103.8 million
in funding over five funding rounds.
Their February 2011 funding raised
$2 million
. The March 2011 funding raised
$8 million
.
In September 2011, they raised
$24 million
. The primary investor was the Foundry Group. Other investors included IA Ventures, Avalon Ventures, Mercury Bank, Softbank, Silicon Valley Bank, RRE Ventures, and Right Side Capital Group.
In January 2016, they raised
$27.8 million
in funding. The July 2019 round raised
$42 million
.
Techstars annual revenue is estimated at
$80 million
.
They have made
1,803
investments and
73
lead investments.
Techstar Metrics
Techstar has hosted more than
4,000
events in over
150
countries.
They have more than
3,000
mentors and alumni of more than
300,000
.
Accelerator Programs
Techstar recently teamed with Comcast NBC Universal in Philadelphia to provide investment, deep industry, and entrepreneurship experience over a
13-week course
.
Their London program started in 2013. The
eighth version
recently concluded with six out of the ten companies involved being pitched by female CEOs.
Corporate Innovation Programs
Techstar offers a range of
corporate innovation
packages.
The
partnership opportunities
include corporate accelerators, network sponsorship, network engagement programs, and innovation strategies.
The
accelerator programs
aim to help businesses protect themselves from disruptions by providing connections with promising startups in the same field. It is a two-way mentorship program.
The accelerator program runs for
three months
.
Innovation
Boot Camps
are three-day events that aim to cultivate leadership, accelerate innovation, and retain and develop talent. The Boot Camps provide internal teams with mentorship, frameworks, and resources, so they are equipped to deal with critical business problems.
Other
corporate innovation
packages include Techstar Studios, ecosystem development, network engagement programs, and network sponsorship.
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