Techstars Terms

For my own information,

How much funding do Techstars companies receive?
A $100,000 convertible note is automatically offered to all Techstars companies upon acceptance.

$20,000 in exchange for 6% common stock, plus:

Access to Techstars resources for life
Acceleration in a 90-day Techstars program with intense, hands-on mentorship from Techstars Mentors
Connections to the Techstars Network of over 5,000 founders, alumni and mentors globally
400 perks worth over $1M
Office space for three months
Demo Day and other investor connections
Equity Back Guarantee, the only one of its kind in the industry
Historically, Techstars companies go on to average more than $2M raised in outside capital after the program.

plus from this thread,

Full offer is $100k note w/ $3-5M cap + $20k swap for 6% equity. Similar to YC


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