Techstars announces an improved accelerator investment offer
It will begin with the new cohorts accepted into the program.
Techstars has announced an improved accelerator investment offer for companies accepted into its future accelerator programs. This improved offer of a $220,000 investment comes with all the benefits of the three-month mentorship-driven accelerator program, valuable perks from partners, and access to our world-class network of investors, partners, mentors, and alumni.
The $220,000 offer is made up of two components, including $200,000 through an uncapped MFN (Most Favored Nation) SAFE (Simple Agreement for Future Equity) and $20,000 through a Post-Money Convertible Equity Agreement (CEA). The total equity Techstars receives will be five percent of the company in common stock plus the future value of the $200,000 uncapped MFN SAFE.
“Our new offer gives founders more capital, better alignment, and a simpler and more easily comparable structure, enabling them to arrive at their next funding round with greater momentum,” Techstars wrote in announcing the change. “Demand for our accelerator programs has never been higher. Our applications have tripled since 2021 because the advantages of our accelerators are evident to founders. Through mentorship, capital, and lifetime access to our global network, Techstars enables the next generation of founders to succeed.”
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