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Techstars increases startup funding to $220,000, mirroring YC structure
Techstars, a nearly 20-year-old startup accelerator, announced new terms for startups that enter its three-month program. The organization will now invest
Startups will also receive $200,000 in the form of an uncapped SAFE note with a “most favored nation” clause. Put more simply, Techstars percentage ownership of its $200,000 SAFE will depend on the company’s subsequent valuations. For example, if the startup’s next financing “prices” it at $10 million, Techstars will receive 2% equity on the SAFE component for a total of 7% ownership.
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