Techstars closed a $150 million early-stage fund, a much larger pool of money than it previously had, that will enable the firm to capitalize on the global network of startup founders and advisers it has built out in recent years.
Techstars launched its first startup accelerator in Boulder, Colo., in 2007. Since then it has spread around the country and internationally. Nearly 500 startups have gone through its programs. (Venture Capital Dispatch recently looked at the performance of these companies.)
Its accelerator graduates went on to raise about $1.1 billion in venture capital. Techstars’ larger network, including the companies in which its 1,500 advisers have been involved, raised even more capital.
When I talk to new or aspiring founders one theme is always relevant: the magic behind setting valuations for early stage companies. My advice is, be careful what you wish for.
One of the best days in a founder’s life is the day he or she raises the first round of venture round. One of the scariest days of a founder’s life is the day after they raise their first venture round. The countdown to success or failure has begun.
Techstars has raised $150 million for its latest vehicle, Techstars Ventures (formerly known as Bullet Time Ventures) as it expands from seed into Series A investment.
“The $150 million third fund is focused on seed and Series A investments around the Techstars ecosystem, alumni that have been through the past companies, and by the 1500 or so mentors [in Techstars],” David Cohen told me.
With OpenStack finally making the inroads its proponents have hoped for, the next big questions are where and how to run it, as well as how to keep it fresh.
Several companies have ready answers via turnkey OpenStack solutions: hosted installations in the public cloud, on-premises managed appliances, and mix-and-match solutions that aim to cover most every scenario in between.
It used to be that simply by implementing a marketing automation, organizations would give themselves a head start on their competitors. That was back in the days when most organizations were still using TV advertisements and big glossy print ads to sell more stuff. Those days have well and truly gone and most organizations make use of marketing automation software – Eloqua, ExactTarget and Marketo have all ridden this wave and enjoyed massive growth for their respective marketing automation platforms.
Startups often lease offices that are too big for their current needs but expect to fill with new employees as the company grows. But often, the newly minted CEOs later wish they could just rent out a few desks to help stop the burn rate and make the place look livelier to attract new talent.
On the other end of the start-up cycle, trying to find a place to take a micro-business from the living room to the boardroom is not a walk in the park, with rents running up from the $30s to $80s per foot for stylish spots, plus hefty security deposits to just walk in the door.
Enter PivotDesk. The online business-matching service was started by David Mandell in 2012 in Boulder, Co., to fill this niche.
If it’s time for you to pursue or perfect investment strategies to last a lifetime, then it pays to go back many, many lifetimes to Titus Maccius Plautus. The Roman comic playwright, who lived in the third century B.C., is a favorite source of wisdom for Thomas Sudyka Jr., president of Lawson Kroeker Investment Management in Omaha, Nebraska.
What you buy can say a lot about you, whether it’s true or not. Just because you bought a kombucha keg for your apartment doesn’t necessarily mean you’re a recycling, hula hooping, vegetable oil fueled car owner, but most would assume you are. The same goes with what you buy in the music category – or what you don’t buy.
What do your musical purchases say about you?
A while ago, I had the opportunity to speak with Gordon Stitt, Nebula CEO and Chairman, and Huy Nguyen, Nebula Senior Director of Product Marketing, about the release of Nebula Cosmos (v1.3).
The company's goal was making OpenStack a "turnkey product" that is ready for enterprises rather than a computer science project. Nebula claims that they are offering "the fastest time to OpenStack." Nebula hopes to make it possible for these enterprises to create OpenStack-based on- and off-premise clouds without also requiring them to become experts in dealing with open source communities.