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'''[[Techstars.com|Techstars]]''' is a global network that is designed to help entrepreneurs succeed, following the motto "Do More Faster". Their primary tool to help entrepreneurs succeed is their startup accelerator where they choose 300 companies per year, invest $120k, and connect each startup with mentors and a powerful network of resources to help them reach their goals. Their accelerator success rates are incredible. According to their website (as of 1/9/2017), they have supported 1274 companies, with 90% of them either active or acquired. Through their accelerator, they have raised over $4.4B, creating a market capitalization of the companies of over $11.4B. Business Insider analyzed the success rates of Techstars and found their failure rate to be only 6.15%, meaning that Techstars has been a tremendous success. Techstars has grown so much in the last couple of years that Business Insider claims that it is harder to be accepted into Techstars than it is to get into an ivy league school! 
<p style="text-align: center;">[[File:Techstars Logo.png]]</p>
In addition to their accelerator program, Techstars supports a wide variety of outlets to become involved in the startup community. Techstars&nbsp;hosts startup weekends across the United States and abroad where the participants experience first-hand the success, failures, and strain a startup goes through. They interact with a number of mentors, potential cofounders, and investors that help ideate problems and generate business from the ground-up.&nbsp;
Additionally, here is a video of Brad Feld at Stanford, giving a talk titled, "Great Entrepreneurs Go Out and Do"
<p style="text-align: center;">{{#Widget:Youtube|id=xf9k379a4Jo;}}</p><p style="text-align: center;"></p><p style="text-align: center;"></p>
= How It Works&nbsp;<br/> =
 
Techstars is a three month, highly selective program to make startups succeed quickly. The main goal is to connect startups with a network of professionals and resources so that their business can be a success.&nbsp;
 
Step 1: the startup chooses 3-5 mentors to work with whose experience aligns with their goals. The startup works with these mentors and their managing director to accomplish specific goals designed to get the startup off the ground.&nbsp;
 
Step 2: the startup creates a fundraising plan and prepares to meet with investors to aquire funding
 
Step 3: During Demo Day, the startup presents their work and hopefully launches their startup
 
Although the offical program ends at step 3, Techstars is a lifelong program. Startups continue to have access to the vast array of resources that Techstars offers for as long as they want.&nbsp;
 
If the three month program does not appeal to you, Techstars also has 3 other programs to help entrepreneurs succeed. Startup digest is a magazine designed for entrepreneurs. Startup week is an entrepreneur led week to celebrate entrepreneurship in the community. Lastly, startup weekend is two days dedicated to learning how to start a business.&nbsp;
= Integrating Techstars with UIF =
Techstars&nbsp;has a multitude of outlets to blend the best of UIF and entrepreneurship into one nugget. One avenue is for students to participate in a startup weekend event. Techstars&nbsp;hosts them across the United States, and you can find out specific locations and times [https://www.techstars.com/startup-weekend/ here]. On the first day, the participants meet, pitch ideas, and form teams - typically on a Friday night. The following day consists of ideating through the problem, meeting with mentors, and working on the project. The final day is presentation day! All of the groups pitch their startup to a panel of judges. To prep for the weekend, it might be good to have students think of problems in their daily lives to have ideas to pitch on the first day. In addition to attending an event, Techstars may be interested in having a university host a startup weekend. Contact one of the managing directors or regional Techstars team members to find out if this would be possible.&nbsp; Another route to integrating Techstars with UIF is to host a Techstars Startup week. Here is a brief summary from the Techstars website:
<blockquote>'''''"Startup Week celebrates the achievements of entrepreneurial communities in cities across the globe. Our mission is to develop and support thriving communities wherever they may exist. The best way to do this is to bring entrepreneurs together in a way that they can connect, share and bond."'''''</blockquote><blockquote style="text-align: center;">'''''[[File:Techstars StartupWeek.PNG]]'''''<br/></blockquote>
Techstars insists that a community of any size can host a Startup week and provides a webpage to&nbsp;[https://startupweek.co/apply/ apply online].&nbsp;
= Contact Information = <span id="docs-internal-guid-cbb3092c-e097-6803-3295-f292bb6b8ba5" style="background-color: transparent; color: rgb(0, 0, 0); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: pre; word-spacing: 0px">&nbsp;Go to </span>[https://www.techstars.com/contact/ <span style="background-color: transparent; color: rgb(17, 85, 204); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre;">https://www.techstars.com/contact/<br/span> ]<span style="background-color: transparent; color: rgb(0, 0, 0); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: pre; word-spacing: 0px">to submit any requests or questions</span>  
= Contact Information Student Contributors<br/> [[Sara Fitzpatrick|Sara Fitzpatrick]] [[Nicholas Kratovil|Nicholas Kratovil]] [[Jacob_Dice|Jacob Dice]]
<span id="docs-internal-guid-cbb3092c-e097-6803-3295-f292bb6b8ba5" style="background-color: transparent; color: rgb(0, 0, 0); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: pre; word-spacing: 0px;">&nbsp;Go to </span>[https://www.techstars.com/contact/ <span style="background-color: transparent; color: rgb(17, 85, 204); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre;">https://www.techstars.com/contact/</span>]<span style="background-color: transparent; color: rgb(0, 0, 0); font-family: Arial; font-size: 14.66px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: pre; word-spacing: 0px;">to submit any requests or questions</span>
[[Category:ResourcesOrganizations]]