TechStars Takes In $8M for Startup Programs

TechStars, the seed-stage investment fund and startup boot camp, said today it has raised $8 million for its mentorship programs in Boston, Boulder, New York, and Seattle. The latest round, from a number of venture funds and angel investors, brings Boulder, CO-based TechStars’ funding to nearly $11.5 million to date, and should enable the program to run for the next four years. TechStars recently said it was open-sourcing its operation, including its legal documents and investor network, to independent startup incubators in a dozen more U.S. cities, plus a few more abroad.

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.