I just got back from SXSW and had the pleasure of meeting David Cohen of ColoradoStartups and TechStars at one of the evening parties. TechStars provides up to $15,000 in seed funding for your online business idea and help you turn it into something real. Basically you come to Boulder, Colorado for the summer and sit in room with pizza and bang out code. Hopefully at the end there is a prototype ready to show off. There is also the chance to pitch to angel investors and venture capitalists, get incorporated, get legal advice, etc. And for this opportunity TechStars gets 5% of your company and for what they provide it’s a pretty good deal (and very similar to Y Combinator).
The deadline for this summer’s submissions is coming on fast on March 31, 2007, so apply now to TechStars with your new idea.
