What investments does Techstars make in its Accelerator Portfolio companies?

Techstars' primary investment is at the accelerator stage, and we also have a dedicated follow-on fund to continue to invest in portfolio companies as they grow. We make a first investment of up to $120,000 in each company at the time of the accelerator program: a $20,000 equity investment for the right to 6% in common shares, and an optional $100,000 convertible note. Techstars will also receive 6% of the Token Reserve if a company is conducting a Network Launch using distributed ledger technology (an ICO, SAFT, token event, etc). A description of our standard deal terms is here.