TechStars rejects 98% of all applications.
Is there a strategy for raising your odds of getting into TechStars?
The short answer is yes.
Watch this 1 minute 22 second video on how Nevin Shetty, CEO of Blueprint Registry, bootstrapped to validation, traction in fact, before applying.
We had Nevin as a guest at our roundtable. Here is the video of that session:
One way is to spend 18-24 months with a non-equity based accelerator, get your business positioned and validated, learn what it takes to get funded, and only then apply to TechStars.
Your odds of success will be orders of magnitude higher.
A good way to prepare is to have a mentor who has a deep knowledge of positioning, validation and seed funding. Have no such relationship? Come talk to me.
Related Video: Probability of Raising Funding [2:53]:
Photo credit: Andrew Hyde/Flickr.com.