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Hi, I’m Brad Feld, a managing director at the Foundry Group who lives in Boulder, Colorado. I invest in software and Internet companies around the US, run marathons and read a lot.

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TechStars Application Deadline Is This Saturday

Comments (7)

If you have been thinking about applying to TechStars for either the Summer 2009 program in either Boulder or Boston, now is the time to do it as the application deadline is Saturday, March 21, 2009 at 11:59:59 PM MDT.

In my first company (Feld Technologies), when we set deadlines we started out with days of the week (e.g. Wednesday).  In the late 1980’s, this meant “sometime before Thursday morning when people start showing up at work.”  So – we tightened it up and put a date on it (e.g. Wednesday 3/18).  This was supposed to mean “by the end of the day” but inevitably meant 11:59:59 PM.  So – we started putting date and time stamps on deadlines.  I continue that practice to this day.

So – the deadline is Saturday, March 21, 2009 at 11:59:59 PM MDT.  It’ll take you about as long to apply as it took you to read this blog post (ok – maybe a little longer, but not much.)  What are you waiting for?

  • http://www.feld.com Brad Feld
  • Zoe Montalbano

    Are you willing to sign an NDA before I submit so I can protect my idea? I had a fantastic business plan that I shared with many potential investors a few years ago, and my idea was stolen. I didn't do anything to protect it back then, and recently an attorney friend suggested this time I make sure I do…

    I know you're not in the business of stealing ideas, but I just want to make sure it is safe to share this idea. You have to understand, my experience in the past was devastating!

    I replied to your other post about VCs and entrepreneurs, too. I'd love to get a few minutes to chat with you on the phone if possible before Saturday.

  • jeff

    how do you handle conflict of interests on applications? i will revise my post… if an application gets submitted but one of the tech stars founders are vested in another company, how would get that handled?

    looking forward to a reply on this issue.. i wont mention my thoughts on nda and a business owners view on this..

    • http://www.feld.com Brad Feld

      Sorry – I must have missed the other comment.  I assume you mean “invested’ (vs. “vest”) – I’ve written about this in the past on http://www.feld.com and http://www.askthevc.com.  The bottom line is that it’s not the idea that counts – it’s the execution of the idea.  It’s likely someone else has already thought of a similar idea to you and/or your idea is similar to lots of other companies out there in the world.  So – disclosing your idea at this level is a very low risk issue.In addition, my personal approach is that if the idea is similar to something else I’m an investor in, I immediately tell the entrepreneur and give him / her the option of sharing more information.  The other TechStars companies are disclosed on http://www.techstars.org and most of my investments are disclosed on http://www.foundrygroup.com and http://www.mobiusvc.com so it’s easy to check and see if there’s something you are concerned about.Also, given how light weight the TechStars application is, I don’t think someone should be concerned about sharing their idea at this stage.

  • jeff

    great brad, thanks and i will apply next year… i am forming a "model" and tweaking things so I have a membership base on my site and some revenues(hope that gets your interest next year) i know your honest and ethical so i am not worried on this….plus we know some mutual contacts…

    have a good weekend and yes i meant "invested"..

  • Zoe in Boulder

    Brad I tried to submit a video application, but there were technical difficulties at the last minute. I then went online to fill out the application form, but having only 7 minutes until the deadline, I gave a very brief description of the idea and left much of the form incomplete. I hit the send button in a panic at 12:02. Will it still be reviewed at least? We can provide much more information ASAP if you guys will let us!

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