Techstars London Accelerator
Company Profile
Geographhical Markets
About
The Techstars Accelerator program in London is one of several Techstar accelerator programs run in different cities around the world, focusing on a wide range of tech startups. Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business. It contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return, receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch). Since 2006, Techstars has invested in more than 3,000 companies and today has a market cap of $82 Billion.
