NEWS: Techstars LA, the Local Arm of the World-Renowned Global Accelerator, Seeks Startups For Its New Class
Techstars LA is seeking startups for its new class, which starts July 13.
The global accelerator — entering its fourth year in LA — helps companies grow and scale. It uses a focused program to help find product-market fit, a core group of engaged mentors and strong support around fundraising.
The LA program is “vertical-agnostic,” focusing on realms including enterprise SAAS, media/entertainment, e-commerce/retail and digital health, said Anna Barber, managing director of Techstars LA.
More than 2,100 startups have gone through Techstars over the last 13 years, since the original accelerator started in Colorado in 2007.
The LA program has graduated 30 companies. Those 30 have gone on to raise a tremendous amount — collectively more than $90 million. Standouts include Fernish, Stackin, Slingshot Aerospace and Trellis.
Techstars LA prides itself on the diversity of the founders of the startups it accepts. About two-thirds are women or from other under-represented groups, Barber said.
Techstars takes 6% equity in the companies it accepts; it takes common stock, as the founders do. It also provides a $100,000 convertible note, designed to cover company expenses during the accelerator program.
Successful alums around the world include SendGrid, which started in OC, and went to the accelerator in Boulder, where it all started for Techstars. SendGrid created a customer communication platform for transactional and marketing email. See related article here.
Techstars LA is hosting a meet-and-greet with alums on March 25 at Google in Venice for those interested in finding out more. The deadline to apply is April 5.
Easy Links to Find Out More:
– to submit an application