TechStars received a nice leg up from TechCrunch.
In reading the TechCruch thread I was struck by a couple of thoughts while I was reading the post and the comments.
It's interesting to note how different incubators have been initiated. Programs that take 30% or more in equity with anti-dilution clauses or personally secured venture debt don't make sense for the entrepreneur or the investor. They prevent a company who's really successful from being able to take additional capital and grow.
- Novice entrepreneurs are extremely easy to spot. They talk about ideas as having intrinsic values in the millions and they're extremely covert and suspicious that everyone will steal their idea.
- TechStars seem to have nothing but good intentions.
- I wish there were more adopters of this kind of setup.
I'm going to give this some more thought. Perhaps I'll see if the TechStar Guru's will let me fly/drive out for a weekend and make friends?