Today, seed fund and accelerator, TechStars, put on its "Demo Day" in Boston to debut 12 new companies to the world. Investors came in from far and wide to vet these young startups and to potentially take out their checkbooks. TechStars estimates that more than 350 VC and angel investors were on hand for what General Partner at Spark Capital Bijan Sabet called the best class of Boston startups yet. In just five years, TechStars has grown significantly in both size and reputation, and though every startup accelerator will tell you that it offers valuable assistance to the startups it takes under its wing, TechStars now has some interesting data to back that up. According to the accelerator's results, seven of the first twenty companies to go through its program have been acquired by larger companies, and about 70 percent of its companies have raised follow-on funding or have since become profitable.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/2OLP8E7fzf0/
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