TechStars Data from 2007 to 2009

One of our internal mantras at TechStars is to “publish your data.”  We encourage every team to do this starting very early in their life.  To this day, I still get daily performance reports (I refer to them as TPS reports) from many of the companies that have gone through the program.

Last week, David Cohen published all of the historical TechStars data.  39 companies have gone through the program to date (30 through Boulder and 9 through Boston).  The data that David published covers a lot of ground, including status by individual company.  Some of the pertinent summary data follows:

  • In three years, about $16.5 million in seed-stage funding has been raised.
  • 27 of 39 (~70%) TechStars companies have either raised outside funding after the program or bootstrapped to profitability.
  • TechStars companies currently employ 156 people.
  • Four of the first ten companies from the inaugural 2007 class have already achieved positive exits.
  • The most recent group of companies resulted in seven VC-led follow-on funding rounds and three additional angel-led rounds.

At the same time, Shawn Broderick, who runs the TechStars Boston program, just published the age demographics for the newest class of 10 companies that started the program at the beginning of March.  The numbers may surprise you as being higher than you might expect:

  • Youngest: 21
  • Oldest: 51
  • Average: 28.3
  • Median: 27

Our plan is to continue to update this data on a regular basis as we think it helps people better understand the TechStars program.  If there is additional data that you’d like to see, please feel free to suggest it.

Applications for the TechStars Boulder 2010 program are still open until March 22, 2010 at 11:59:59 PM Mountain Time.  If you haven’t applied but are thinking about it, apply now (it’ll only take a few minutes.)

  • I was shocked by the demographics released for the current Boston class. I did not realize how broad the age range would be. I hope more demographic data is released for the previous years.

  • TheMikeWalsh

    It would be interesting to see some geographic data on the TechStars programs. I have to assume that some of the TechStars Boulder companies move west while some stayed in the Boulder area.

    Losing some startups to the West Coast is inevitable but it would be nice to see that the variousTechStars programs are retaining some of their startups in their local area.

    Looks like TechStars Boston has a decent retention rate with OneForty and AccelGolf both staying in New England.

  • Scott Burns

    Thank you for sharing this, love the transparency and congratulations on what looks like strong success.

  • Hey Brad,

    I'm writing my senior thesis on venture capital syndication. I would be interested in seeing how many of these investments TechStars was the sole seed investor and in which ones they were co-investors. For the deals that included other investors as well as the ones that received follow on VC funding I would be interested in seeing how many other investors were included in the deal. Would love to chat and ask you some questions for my thesis if you aren't too busy in the next couple weeks. Let me know.


  • Trish Costello

    In the Babson GEM research, Boston entrepreneurs overall skewed older on average than other economic areas. The good news to me is that the highly educated in this education hub continue to start companies; the bad news is that it takes the pressure off the investment community to seek out and bring along young emerging entrepreneurs.

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