Chapter 79. What Motivated Me to Start TechStars?
David Cohen

David is a co-founder and the CEO of TechStars.
I'm often asked what my motivations were for starting TechStars. While I think that TechStars represents a better way of angel investing, there are other big reasons that TechStars was born in 2006. We wanted to see more interesting startups happening in Boulder over time. We thought that TechStars could bring both new talent and national attention to Boulder, and it has. We thought it would be a great way to engage the best and brightest from all over the country to come to Boulder and experience why so many of us fall in love with it. We thought it would fill a pipeline of lifelong entrepreneurs that we could nurture and invest in over time. And finally, selfishly, I simply couldn't think of anything that would be more fun than working on 10 interesting new startups every summer.
TechStars is mentorship-driven. We bring together the most accomplished serial entrepreneurs and investors from Colorado, Silicon Valley, Boston, New York, and elsewhere. Together, we focus on 10 companies that are selected from more than 600 that apply for each session. These mentors give freely of their time during the summer, helping the companies refine their business models, introducing them to early customers and partners, and helping them raise capital from investors.
Why do the mentors get so ...
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