A key ingredient of Techstars accelerator programs is our experienced and engaged mentor community. Mentors embrace the Techstars “Give First” philosophy by offering founders their time, advice, and connections. We treat mentorship seriously – you can read about it in our Mentor Manifesto and my blog series on the mentor manifesto. And, my book Give First, coming out at the end of 2017, will cover mentorship in depth.
Our global network now consists of over 5,000 mentors, including many successful Techstars alumni. As Techstars continues to selectively expand into new geographies and industry verticals, our mentors are important as ever.
Serving as a mentor is intrinsically rewarding on multiple levels. Guiding founders through the ups and downs of entrepreneurship creates a deep sense of contribution. It provides an outlet for mentors to engage in their local startup communities and keep a pulse on emerging technologies. It’s a chance to learn by teaching, and engage with a new generation of entrepreneurs. And it’s fun.
Beyond the intrinsic rewards, Techstars has been considering creative ways to recognize our mentors while deepening their relationships with founders. Today we’re happy to announce a new partnership with AngelList to offer Techstars mentors and alumni an exclusive opportunity to invest early in accelerator companies. Our first two pilot funds will be the 2017 city programs in Austin and Boston, launching on January 23rd. The AngelList funds will give mentors and alumni early investment access while providing companies with additional early stage capital.
At Foundry Group, we learned a lot by running our own FG Angels syndicate. AngelList syndicates helps enable seed stage investing at scale. We believe in the model and its power to further enhance the Techstars network.
If you are a Techstars mentor or alumni founder and would like to learn more about the Techstars AngelList funds, or an experienced entrepreneur or tech executive interested in becoming a Techstars mentor, please contact [email protected].