It’s been busy lately at Techstars’ accelerator programs around the world with FIVE demo days this month. From Berlin to Boston to Boulder, and in the world of Robotics and Mobility, we’ve welcomed 50 new companies into the Techstars family! Here’s a quick recap:
Berlin Class of 2015
It was the first year for a Techstars program in Berlin and the event went off without a hitch! Managing Director, Jens Lapinski, showcased this exciting class in a beautiful old theater in Berlin. The founders’ pitches were well received as the audience learned about solutions for online collaboration, booking musicians, sports venues, online tutoring and more.
Boston Class of 2015
Led by Managing Director, Semyon Dukach, the Boston Demo Day was a big night showcasing the best of Beantown and beyond. One highlight of the night included the 100 year old co-founder of the iconic restaurant chain, Friendly’s, S. Prestley Blake, who introduced his grandson, ThriveHive co-founder, Adam Blake. Founder wisdom passed on through the generations!
Boulder Class of 2015
This year marks the ninth class of the Boulder program, led this year by new Managing Directors, Zach Nies and Natty Zola. Founders were invited to take a step towards corporate philanthropy with Pledge 1%. Techstars co-founders David Brown and Brad Feld took the stage to talk about local success story, Sphero, Techstars global growth and the entrepreneur’s journey. During the evening, Zach also announced that the spring 2016 Boulder Demo Day will align with Boulder Startup Week!
Qualcomm Robotics Accelerator, powered by Techstars
Epic. That’s the word used to describe the inaugural Qualcomm Robotics Accelerator, powered by Techstars, Demo Day in San Diego, CA, last week. Ryan Kuder, Managing Director of the program, led the event, which showcased some of the most innovative robotics technology on the market. Robotic arms, robots for gaming, drones and bringing natural sunlight indoors are only a few of the amazing products that came out of this hugely successful show!
Techstars Mobility, driven by Detroit
The resurgence of Detroit is palpable. Led by Managing Director, Ted Serbinski, the Mobility demo day showcased exciting new technologies that address the movement of people, goods, and services —increasing mobility and productivity. The big news of the night was that two of the companies, My Dealer Service and SPLT, will make Detroit their new home!
During the event, a film promo was premiered – Restarting the Motor City – a documentary feature focused on the cultural, economic and social shifts happening in Detroit on the back of innovation and entrepreneurship. A Kickstarter for the film was also announced to fund the next stage of production. Good luck to Long Haul films on this awesome project!
Seattle Startup Week is back, and this year’s organizers are expecting it to be bigger than ever. Registration opened today on the Seattle Startup Week website, and you can sign up and attend as many events as you’d like!
Seattle Startup Week is a free, five-day celebration of the Seattle startup community happening October 26-30, 2015, that builds momentum and opportunity around entrepreneurship. It’s led by local entrepreneurs and hosted in amazing spaces all over town.
One of those spaces is Basecamp, Powered by Chase. For the second year in a row Basecamp will take place at Impact HUB Seattle, 220 2nd Ave S, Seattle, WA. Basecamp is a great place to network, recharge and take in great programming. Plus, they have daily Happy Hours from 4-6pm that are always a lot of fun!
Here are some programming highlights for the week:
– Monday, Oct. 26 // Intellectual Property Essentials for the Hyper-growth Startup
– Tuesday, Oct. 27 // Operation Failure: Learning that failure is a constant
– Wednesday, Oct. 28 // Sustainable Design for Hardware Startups
– Thursday, Oct. 29 // Grit and Resilience: What You Need to Scale Up
– Friday, Oct. 30 // Rethinking 21st Century Higher Education
Check back often as new programs will be added daily leading up to the event.
While Seattle Startup Week is mostly about learning, there’s also a lot of celebrating that goes on. The Opening and Closing Parties are not to be missed. It’s a great way to connect with others to celebrate the spirit of entrepreneurship.
And of course, none of this would be possible without the generous support of the Seattle Startup Week sponsors. We’d like to thank Chase for their continued support of Startup Week and for returning again this year as the title sponsor. Their support of the entrepreneurial ecosystem in Seattle is truly remarkable and we’re very thankful to have them as a partner.
Sign up today to get your all-access pass and RSVP for as many programs as you’d like!
To follow the event on social, use these hashtags: #ChaseBasecamp, #StartupWeekSEA.
One of the most powerful things about Techstars is the network: founders become alumni, alumni become mentors, mentors become CEOs or MDs, associates become employees, alumni companies share talent and do business together.
On that note, Sphero and Naritiv, two Techstars alumni companies from the Disney Accelerator 2014 class, are working together on one of the coolest product launches of all time….from the newest Star Wars movie, the BB-8™ App-Enabled Droid by Sphero!
Sphero, the makers of the BB-8 Droid, wanted to capture the excitement of Force Friday and Star Wars fans around globe through Snapchat. So, they turned to fellow Techstars alum, Naritiv, who builds audiences and strategies for brands on Snapchat.
Naritiv worked with Sphero to send Snapchat celebrities to Paris, Dublin, London, San Francisco and New York as well as representatives in Tokyo, Milan, and Chicago, to capture the first moments when the new BB-8 droid hits the streets. With over 100 million users of Snapchat and 3 billion videos viewed per day, Naritiv uses Snapchat as a platform to build brands, spread the word and tell a compelling story.
When the BB-8 launch is over, Naritiv will supply Sphero with sophisticated analytics to quantify the reach of the campaign. (We will share more details on the campaign success as they roll in.)
“It’s been really exciting to be a part of such a cool collaboration between two Techstars alumni companies just one year after graduating from Techstars,” says Eric Posen, co-founder of Naritiv.
“Both Disney and Sphero have been amazing to work with and we couldn’t be more thrilled to help bring the BB-8 droid to the world in such a new and exciting way.”
The Star Wars BB-8 App-Enabled Droid by Sphero launches today at Disney retail stores and other select retail partners all over the world as a part of Force Friday.
Follow GoSphero on Snapchat to view the story happening now!
Congratulations to the teams at Sphero and Naritiv on your huge success!
Also, a big shout out to these Techstars alumni companies that have recently received notable* investments! This brings us to a total of 75 Techstars companies acquired and over $1.8B raised by our accelerator companies.
|Plated (NYC ’13), the NY-based company that delivers pre-portioned ingredients and recipes at your door each week, has announced the close of a $35M Series B round.|
|SpotHero (Chicago ‘12) is aiming to simplify the process and help drivers locate parking and reserve spots around the city through the company’s web and mobile apps. SpotHero announced recently that it has raised $20M in Series B funding led by Insight Venture Partners.|
|Occipital (Boulder ’08) raised a $13 million Series B round from Intel Capital, Shea Ventures, Grishin Robotics and previous investor Foundry Group. This new funding round brings Occipital’s total funding to $21M.|
|Leanplum (Seattle ’12), a service that helps developers and marketers engage with mobile users through personalized messages, dynamic UI optimization and A/B testing services, announced that it has raised a $11.6M Series B round led by Kleiner Perkins Caufield & Byers.|
|ChatID (NYC ‘11), a platform that enables chat communication between brands and consumers on the web and mobile devices, raised $11.2M in Series B funding.|
|Owlet (R/GA ‘13), the Smart Sock that goes on babies and informs you if they’ve stopped breathing, has raised a $7 million A round.|
|Cloudability (Cloud ’12) has secured more than $6 million from investors. Cloudability offers a platform to manage cloud cost and usage analytics.|
|Filament (R/GA ‘15) has raised $5 million to bring the blockchain to the internet of things. Filament provides standalone wireless networks that do not require any central routing service or cloud.|
|FEM Inc. (Disney ’15) has raised $3M in seed funding to help with a video engagement platform called Prizma. FEM Inc. is a media technology company that has developed a video engagement platform offering smart syndication, analytics and more.|
|TradingView (Chicago ’13), a social fintech platform that unites traders and investors from around the world, received $3M in Series A funding.|
|SelfLender (Austin ’15) raised $2M in seed funding. Self Lender is a fintech startup that helps you building credit history without hidden fees or high interest rates.|
*notable = $2M or more.
If you are interested in helping build your local startup community, you may want to check out this webinar the Founder Institute is hosting on August 27th.
On this “How to Become a Leader in Your Startup Community” webinar, they will outline the different resources needed to bolster your local ecosystem, and provide tips on how you can help startups and become a better startup mentor and advisor.
This event will feature David Cohen (Founder and Managing Partner of Techstars), Sergio Escobar (Managing Director of The Founder Institute Montreal), and Adeo Ressi (Founder & CEO of the Founder Institute, 9X entrepreneur, and Managing Director of Expansive Ventures).
It will take place on Thursday, August 27th at 8:00am PT (see local time here).
– The importance of mentorship in the startup landscape.
– How you can best help startups in your community.
– The types of programs and tools making a difference in communities across the globe.
– The steps you should take to become a leader in your startup community.
My formal introduction to Techstars was in early 2013 shortly after Jason Seats moved to Austin to start the program here. Upon meeting Jason, two things quickly became apparent to me — first, that Techstars was going to be an amazing addition to the Austin startup community and second, that I wanted to become part of it! Jason asked me to be a mentor and I also become an LP in the first fund. From the very first program in 2013, I was hooked! At the outset, I expected that I might spend a little time with a company or two but over the next two years, I found myself increasingly involved – and in this last program, I spent time with about half the companies.
Many things impress me about Techstars. First of all, from top to bottom it is a very high caliber group of people. Every single person I’ve met, with no exception, is smart, articulate, passionate, experienced and clearly bleed green stars. This isn’t only the Techstars staff, but also the mentors and companies as well. It’s very clear that Techstars attracts the best people around.
When Jason announced earlier this year that he would be moving over to the Techstars Ventures Fund and looking for a replacement, everyone wondered how they would ever fill his shoes. Then one day over coffee, Jason and I discussed the possibility of me taking over the Managing Director role for Austin. I left that meeting both excited and flattered. Over the next few days as I thought about becoming the new Managing Director, I realized that it is the role I have been working towards for many years…
Over my 20 year career, I’ve been a part of six early stage companies, three of those as either founder or cofounder. I have been the fortunate recipient of some incredible mentoring and am extremely passionate about helping startups succeed. My new role with Techstars as Managing Director of the Austin program allows me to bring these learnings to the table to lead the next Austin class to success. I am so thrilled to get started and look forward to contributing as much as possible to the growth of the Austin startup community.
I’m excited to announce the next Techstars program in Austin begins in February 2016 with applications opening in September. I can’t wait to start recruiting more great companies to Techstars and Austin!
Today’s mentor spotlight is on Julia Austin! Julia is an entrepreneur herself and an advisor and investor of early stage startups. Right now, she is advising a bunch of early stage companies in the Boston area and stewing on the next big thing. Julia has been a Techstars Mentor since January 2014 as well as an investor in several Techstars companies.
Check out this one-minute spotlight video to learn what being a Techstars Mentor means to Julia!
I spent the last weekend in July at the University of North Carolina in Chapel Hill at Patriot Boot Camp (PBC), a Techstars backed summit for service members and veterans interested in learning how to launch and build technology Startups.
As a transitioning Army officer interested in entrepreneurship and tech, PBC was just what I needed. From the Pledge of Allegiance Friday morning to Retired Army General George Casey’s keynote address Sunday morning, this three day “Boot Camp” was a high octane crash course in the fundamentals of starting Startups.
Throughout the weekend, Techstars presented us with extended access to experts across the Startup community. For me, the highlights stemmed from the organizers’ ability to smoothly package and deliver three things that those who have served are well familiar with: training, coaching, and mentoring.
- Relevant Training.
Just like military leaders must know doctrine to plan operations and accomplish their missions, entrepreneurs must also master the fundamentals of building sound businesses that can grow and scale. Patriot Boot Camp was committed to education from the outset. Weeks ahead of the conference, participants received an extensive reading list from which to prepare. Each day at the event, CEOs, founders, investors, and mentors led classes and seminars. The material was vast in terms of depth and breadth.
- Expert Individual and Collective Coaching.
The quality of the cohort of advisors in attendance was stellar, and coaching entrepreneurs was a key focus of the event. In the first 48 hours I received coaching on how to outline a business idea, conduct customer discovery, pitch to investors, raise funding, build a team, split-test, and grow. Attendees who came to the conference with an idea left with a gameplan for execution.
- Unparalleled Mentoring.
But for me, the highlight of PBC — and what makes this conference so special — is the emphasis on mentorship. Dave Cass, CEO of Uvize (a mentorship platform), told all of us early and often to take advantage of the mentors who had traveled from all over the world (Bay Area to London) to help veterans and spouses. The 50+ mentors included a blend of investors, founders, and educators, and hailed from the likes of Techstars, UNC, Google, and Facebook.
Each afternoon — in what from a distance could be mistaken for speed dating — PBC veterans sat down with mentors for one on one conversations about their products, their ideas, their businesses, and their transitions from the military to the Startup space. These high impact sessions were half an hour each, but each mentor that I met with in these sessions (10 in total), without exception, has already followed-up and promised to keep in touch. The sincerity, authenticity, and “give first” mentality of the mentors at PBC was unbelievable, and difficult to imagine in or out of the military.
Onward to Motor City.
PBC and Techstars ascribe to a simple mantra: Give First. Their values — education, community, and mentorship — were clearly communicated and reiterated throughout the conference. At the conference selfless service and energy are palpable and ubiquitous.
Through outstanding training, committed coaching, and deliberate mentoring through a relentlessly focused agenda, Patriot Boot Camp delivered.
Just like new Soldiers must go to Basic Training to learn to shoot, move, and communicate, entrepreneurs must master the basics. To that end, Techstars has succeeded in building a Boot Camp capable of providing outstanding training and mentorship in a brief period of time.
Our country needs more Vets in the technology Startup space. Thankfully, Techstars has succeeded in creating a conference in true Startup fashion that is scalable and repeatable, and will be running more boot camps in the months and years to come.
Check out the full post on the Patriot Boot Camp Blog.
Tyler Matthews is an Army Captain and Chief of Staff of SoloPro. He attended Patriot Boot Camp in July, 2015 at the University of North Carolina.
Tyler is an active duty Army captain. Everything here is his own opinion and does not necessarily reflect the views of his unit or the U.S. Army.
Guest post By Kathleen Fritzsche
Kathleen attended her first Startup Weekend in 2010 and has been co-organizing and facilitating several events since then. She co-founded StartUp Stuttgart in 2011, the main startup community in Southwest Germany, and Accelerate Stuttgart in 2012. Accelerate Stuttgart is building an accelerator program for startups in Stuttgart and the region. @Kathl_Fritzsche
After the announcement of the UP Global acquisition by Techstars I was asked to write about it from a community perspective. Eventually, it took me four weeks to come up with this post as it wasn’t easy to put all my thoughts into one text.
I recently had the chance to spend a few days with a bunch of amazing Startup Weekend facilitators and very good friends in Norway. It was like a big family reunion, old friends coming together with the certainty that all of us share a common story and vision.
I feel a special bond with these people, it’s my tribe. We are united by our vision to change the world through education and entrepreneurship and to help our local communities to grow and thrive. It feels very special to me to be part of this global movement of highly motivated entrepreneurs who want to give back to their communities.
We often have a similar story how we got involved with Startup Weekend in the first place. We attended our first event by chance, maybe because one of our friends told us to definitely attend this unusual event. We often had unsatisfying professional careers at that point and our first Startup Weekend was a complete game changer for our life plans. For my part, I turned away from a boring and safe corporate career to get involved with startups and to co-found a startup community initiative that later led to the creation of my current company.
Nevertheless, over the years I’ve also struggled with the organization behind the movement. I went through a few periods of doubt if this is the path I want to follow, volunteering for a global initiative with some serious problems on the organizational level. However, throughout my own struggles in life and business, I’ve always come back to Startup Weekend (or UP Global for a while) to find purpose and strength to continue what I truly love and believe in: inspiring other people and showing them opportunities beyond their predetermined career and outside their (and my) comfort zone.
At the time of the announcement of the acquisition, our Startup Weekend organizer and facilitator community went through big discussions, especially concerning the volunteering part for a now for-profit company. Many volunteers doubted and doubt their future commitment and involvement with the movement. I was honoured to be involved in part of the process leading up to the announcement, so I might be a bit biased. Nevertheless, I believe that it is a big opportunity for the whole community! Two tribes are joining forces with a common vision to change people’s lives through entrepreneurship. Techstars’ and Startup Weekend’s history are tied together from the beginnings. It all began with one event in Boulder in 2007, now we are at more than 7000 events in over 120 countries. It is a powerful movement with such a huge global impact over the years. I truly hope that Techstars will continue to follow the path Startup Weekend and UP Global paved!
I genuinely believe in the power of this tribe, my tribe! I always felt I was different – thank you to the Startup Weekend and UP Global family for giving me a home and connecting me to the crazy ones!
Today Techstars is excited to announce the continuation of a partnership with Chase to present Startup Week Powered by Chase, a community-led celebration of entrepreneurs.
Now in its second year, this national sponsorship grew out of Chase’s title role in Denver Startup Week, the largest free entrepreneur event in North America. Startup Week brings entrepreneurs, local leaders, and friends together over five days of free programming, speakers, education and networking to build momentum and opportunity around a community’s unique entrepreneurial identity.
Starting in October in Seattle and continuing into spring of 2016, the following cities will host a Startup Week, created by local community leaders with support from Techstars and Chase:
- Seattle – Oct. 26-30, 2015
- Tampa Bay – Feb. 8-12, 2016
- Phoenix – Feb. 22-26, 2016
- Dallas/Ft. Worth – April 12-16, 2016
- Columbus, Ohio – May 2-6, 2016
- Detroit – New for 2016! Date TBD
With this ongoing support from Chase, Startup Week will continue to build upon the efforts already made by our local organizers to grow their entrepreneurial ecosystems and deepen the connections made in their communities. We are especially excited to take Startup Week to Detroit, where Techstars and JPMorgan Chase both have deep commitments. These communities are the lifeblood of future economic growth and development, and the sponsorship from Chase is vital to the long-term positive impact entrepreneurial ecosystems are having on the world.
On a related note, Jamie Dimon, Chairman & CEO of JPMorgan Chase & Co., will speak today at CU Boulder on the topic of innovation and its critical importance to a thriving entrepreneurial environment. Jamie will be joined by Brad Feld, co-founder of Techstars, Managing Director of Foundry Group, and author of Startup Communities. The discussion will focus on Jamie’s perspectives on building entrepreneurial communities and how entrepreneurial approaches translate in different contexts.
Techstars is proud to partner with Chase to bring together entrepreneurs and local leaders to build startup communities around the world! Visit us at www.startupweek.co.