Simple premise: When you put tech entrepreneur in a room with amazing mentors magic happens. TechStars provides not only seed funding by top VCs vested in a successful outcome, but an intense mentorship experience with world class entrepreneurs.
TechStars provides seed funding from over 75 top venture capital firms and angel investors who are vested in the success of your startup, as well as intense mentorship from hundreds of the best entrepreneurs in the world. By doing so, people with good ideas build a repertoire of skills and know-how that usually come with elite education or years of successful experience. They are located in various locations, including Col and New York City.
How does it work: Plus those who are accepted (consisting of a cohort) go through a rigorous application process, come together at intervals over a set period of time, with a deadline "demo day", and receive perks (i.e, a number of resources) to create an environment of learning and exponential growth as they build out.