Nearly every tech-focused venture capital firm in the Seattle area is
tossing financial support behind TechStars, a
"startup boot camp" of sorts which plans to accept its first 10
enrollees this fall. TechStars -- already established in Boston and
Boulder -- has raised
$450,000 in Seattle from more than 15 venture capital firms and
angel investors.
About half of those funds will be used for operations of the Seattle branch, while the other half will go to direct investments in the companies accepted into the program, said Andy Sack, a Seattle angel investor who is helping to organize TechStars Seattle. Sack, who also runs the angel firm Founder's Co-op, said Seattle is unique in the way the entire investment community has rallied to support the idea.
To read the full, original article click on this link: Seattle venture capital firms support TechStars with cash
Author: John Cook
