Good news for budding entrepreneurs located in (or willing to relocate to) Seattle, Boston, Boulder and New York. As reported on Geekwire and TechCrunch, TechStars has raised an additional $24M to enable the startup incubator/boot-camp to offer the companies in its summer-long program $100,000 in convertible debt. This additional funding should enable the TechStars entrepreneurs to focus on building their early-stage companies a little longer before launching into the time-consuming fundraising process. The new funding comes from Foundry Group, IA Ventures, Avalon Ventures
Continue Reading TechStars raises $24M – Startups Eligible for Additional Funding