TechStars
is an early stage venture fund based in Boulder, Colorado. ReadWriteWeb
was given an early peek at historical results data on TechStars
companies, which the organization is about to release. The data
shows acquisition and failure rates, as well as how many of the TechStar
companies have gone on to receive angel or venture funding.
TechStars reports that nearly 6 of 10 of their companies have historically gone on to receive outside angel or venture funding (not including friends or family). Five other companies reported that they are now profitable without outside funding, so overall 27 of 39 (69.23%) TechStars companies have either raised outside funding after the program or bootstrapped to profitability.
Of the 39 TechStars companies analyzed, 29 are still active (74.36%), 4 were acquired for > $2M (10.26%), 1 was acquired for < $2M (2.56%), and 4 failed (10.26%). One of the companies is listed as "other" (2.56%), but there is no explanation of what that means.
To read the full, original article click on this link: First Look at TechStars Historical Results Data - ReadWriteStart
Author: Richard MacManus
