Tuesday, January 23, 2007

TechStars Launches Seed Program

Boulder, Colorado-based TechStars has launched a new seed startup program focused on funding new companies and mentoring entrepeneurs. TechStars is the brainchild of David Cohen, Brad Feld, Jared Polis, and David Brown, local Boulder-area entrepreneurs and investors. TechStars is funding up to $15,000 in seed stage companies, in exchange for 5% of the equity in the firms, and has targeted bringing aspiring technology founders to Boulder over the summer for an intensive program to help those startups. The program was launched earlier this month.