Here are some common questions about Comcast Lift Labs by Techstars.
How much funding do Techstars companies receive?
A $100,000 convertible note is automatically offered to all Techstars companies upon acceptance.
$20,000 in exchange for 6% common stock, plus:
- Access to Techstars resources for life
- Acceleration in a 90-day Techstars program with intense, hands-on mentorship from Techstars Mentors
- Connections to the Techstars Network of over 5,000 founders, alumni and mentors globally
- 400 perks worth over $1M
- Office space for three months
- Demo Day and other investor connections
- Equity Back Guarantee, the only one of its kind in the industry
Historically, Techstars companies go on to average more than $2M raised in outside capital after the program. We believe our stats speak for themselves.
What kind of companies do you fund?
We fund technology oriented companies, typically web-based or other software companies, but we’ve funded companies that don’t quite fit that mold as well. We’re also looking for companies that can have national or worldwide reach. Specifically, we don’t fund biotechnology companies, restaurants, consultancies, or other local service oriented companies.
Do you fund companies that are competitive with each other?
We do our best to avoid accepting competitive companies into the same program class. However, with the growing number of Techstars companies, it is possible that there may be competitive companies in the broader Techstars network. In the event there is a company in the Techstars portfolio that’s competitive, we work tirelessly to ensure there is no exchange of sensitive data.
Why does Techstars want stock in my new company?
Like you, we’re entrepreneurs. We think that the value of the learning, networking, and mentoring provided by the program is of tremendous value. The Techstars program will provide you with the healthiest possible start and greatly improve your chances for success and sustainability. Once we invest, we’re motivated to help you succeed by introducing you to people who can help, assisting you with strategy, finding more investors, and generally helping you win all along your entrepreneurial journey. That’s a good deal for both of us.
Who are the most notable Techstars companies?
There are too many to name and more great companies being added every year, but you might want to check out ClassPass, Digital Ocean, Localytics, SendGrid, Contently, Occipital, Next Big Sound, Kapost, Synack, Ginger.io, Sphero, FullContact, Simple Energy, Mocavo, GrabCAD, Kinvey, Placester, Crowdtwist, OnSwipe, Everymove, Remitly, Romotive, Cloudability, Distil Networks, DataRobot, DoubleDub, Pivotdesk, Revolv, Coachup, Pillpack, Keen.io and Plated.
What else does Techstars provide? Office space, internet, legal, hosting, etc?
We provide working and meeting spaces, as well as a nice lounge all with super fast and reliable wireless Internet access. Here’s a full list of perks that Techstars companies automatically receive, worth $1M. Basically, we’ll help you get everything covered with minimal expense. We just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.
Other questions, comments, or concerns?
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