Fundraising doesn’t come naturally to David Cohen, founder and co-CEO of Techstars. He’s an introverted, shut-up-and-deliver kind of guy, but he’s learned how to leverage his strengths and team to convince hundreds of LPs to invest in the venture capital funds that power the Techstars network. In this episode, he shares his honest and authentic reflections from his unique perspective as an non-natural fundraiser.
We’ve invested in several Techstars graduates and are big believers in the power of the Techstars network. I try to track Techstars’ progress, but it wasn’t until I prepared for this interview that I fully grasped how much David and his team have achieved. Techstars has grown to 43 accelerator programs from LA to Tel Aviv, with focuses from sustainable agriculture to blockchain, and corporate development-focused programs in partnership with companies like Barclays, Amazon, and Comcast. Of the more than 1600 Techstars graduates, over 87% are still active or have been acquired. Graduates have raised over $6 billion in funding and have a market cap of over $17 billion.
With $500 million under management, and portfolio companies like Uber, DigitalOcean, ClassPass and Twilio, it’s VC arm, Techstars Ventures, invests in companies built by Techstars accelerator companies and alumni.
Techstars also hosts Startup Studios, Startup Weekends and Startup Weeks across the globe, and supports underrepresented communities and entrepreneurs through its Techstars Foundation.
For more content from David, check out the recently released second edition of “Do More Faster: Techstars Lessons To Accelerate Your Startup” which he co-authored with Brad Feld. David and Brad also co-host The Give First Podcast. David writes about all things startups on his blog at DavidGCohen.com.
I tried for many years to maintain a jam-packed schedule with zero margin for error, but life never seems to fit into perfectly scheduled boxes. After a straw-that-broke-the-camel’s-back moment, I’m learning to live off of the brink of disaster.Read more ➞
I've spent more time than necessary on our fund administration and reporting, in part because of some of the easily avoidable administrative mistakes I’ve made over my 10-year journey as a startup investor.Read more ➞
Over these past two months and throughout all of 2020, I've learned something that I want to record to make sure that I remember: My anxiety about the potential outcomes is almost always worse than the actual outcome.Read more ➞
In this second episode of a new series to feature startups sourced from our Fund81 VC forum members’ portfolios, I interviewed Alaffia Technology Solutions nominated by the Hustle Fund.Read more ➞