By guest authors Irina Patterson and Candice Arnold Irina: Do you have any special initiatives at the moment? David: We just launched the TechStars network, which is based on massive inbound demand for programs around the world that wanted to use this deep mentorship and community model. We essentially just open-sourced TechStars, and we call
By guest authors Irina Patterson and Candice Arnold David: TechStars has a long-term view – a 20-year view. It’s not just about what these [entrepreneurs] do in their first companies. It’s about what the founders do after that. Rob Johnson [of EventVue] is now in a high-level position at Gnip, a company in Boulder that’s doing
By guest authors Irina Patterson and Candice Arnold David: One of the things that is I think unique about TechStars is our incentive structure. We are like a co-founder. So, the pitch to the entrepreneur is, If you could have a co-founder for 6 percent of your common stock who had this sort of network
By guest author Irina Patterson and Mridula Velagapudi Irina: What are your relationships with mentors? Do they get any stake in those companies or do they just want to help? Paul: They just want to help. One, it is exciting for them. Two, it gives them lots of visibility and, yes, it is really useful
By guest author Irina Patterson and Mridula Velagapudi Irina: What are the core benefits to entrepreneurs that you bring to the table? Paul: My three partners have all started businesses that you know, and in total there are hundreds of millions of users. We started companies that did quite well, and [with i/o Ventures], we
By guest authors Irina Patterson and Candice Arnold Irina: How do you conduct your due diligence? David: With 600 companies, and you’re picking 10 and investing little money and mostly time, diligence is mostly about the people. Again, we know half of them are going to change their ideas. So, we don’t really get into
By guest author Irina Patterson and Mridula Velagapudi I am talking to Paul Bragiel, managing partner of i/o Ventures, which is a three-month accelerator program for technology entrepreneurs in Silicon Valley. The partners of i/o Ventures come from companies like MySpace and BitTorrent, and their mentors are from Yelp, Digg, Mint, Mochi Media, and OpenDNS.
By guest authors Irina Patterson and Candice Arnold Irina: What are your mentors’ relationships with the companies? Is there compensation involved? David: No. No compensation. Many of them will go on to be investors or advisors long term. That’s the natural outcome. At the start of the program, the mentors work for free. The reason