Frequently Asked Questions

Q: How much does Techstars invest and at what terms?

A: Techstars' investment is $220,000, and the capital comes with all the benefits of our 3-month mentorship-driven accelerator program to get you to PMF, $2M+ perks from our partners, access to our world-class network of investors, partners, mentors, and alumni, and lifetime support on your startup. The $220,000 offer comprises two components, including $200,000 through an uncapped MFN SAFE and $20,000 through a Post-Money Convertible Common Equity Agreement (CEA). The total equity Techstars receives will be 5% of the company in common stock plus the future value of the $200,000 uncapped MFN Safe. For example, if your next round is valued at $20M pre-money, the $200,000 MFN Safe would then convert into 1% additional ownership at that time.

Q: What do you look for in founders for your programs in New York City?

A: We look for founders who deeply understand their customers' pain, demonstrate the ability to execute quickly, and are building in a market large enough to make $1B+ in annual revenue a possibility. Founders can be based anywhere in the world but they can leverage the NYC's density and diversity of industry and capital to accelerate product-market fit.

Q: I am working/studying right now; can I still participate in Techstars? A: You don't have to be full-time to apply to Techstars. However, if accepted into the program, we expect you'll dedicate full exclusivity to your startup with no other academic or work engagements.

Q: I'm very busy running my company and don't have time for an accelerator. How much time does Techstars take?

A: The Techstars NYC program is not school; we custom-tailor the program to your most immediate obstacles so that you can crush obstacles along the way and get to Product-Market Fit faster. Any time you spend with your mentors and program staff will be to help you do two years' worth of work in three months.

Q: I have already closed or will soon close a round of funding. Am I too late-stage for Techstars?

A: Many of our founders secure between $1M and $5M in funding before the program begins. Our Uncapped MFN SAFE ensures that Techstars aligns with any past or present investments, allowing us to boost your company’s success regardless of your starting stage in the program.

Q: What is the format of the program in NYC?

A: We front-load content and mentor matching during the first two weeks of in-person sessions, then personalize support for each company for whatever they need to accelerate PMF.

We achieve this level of personalization with an unparalleled ratio of 4 team members to startups during program. Founders only attend workshops that are beneficial to them and our mentor selection is done after the class is finalized to bring in the most relevant advisors for each company.

The program format is hybrid, with in-person sessions for the first two weeks, one in-person week in the middle, and a demo day at the end. We will also work with you virtually as soon as offer is accepted before program starts and after program for whatever you need.