"Startup boot camp" set for Washington state
TechStars announced Monday that it will launch a Seattle program in the fall of 2010, with Seattle-based entrepreneur and investor Andy Sack as its new executive director.
TechStars is a mentorship-driven, three month-long "startup boot camp" for software entrepreneurs. Selected companies receive up to $18,000 in seed funding, three months of intensive mentorship from successful entrepreneurs and investors and the opportunity to pitch to angel investors and venture capitalists at the end of the program.
Sack is already well-known on the local startup scene as co-founder and managing partner of Seattle-based seed fund Founders' Co-op, guest lecturer in entrepreneurship at the University of Washington's Foster School of Business and host of the weekly tech meetup Seattle Open Coffee.
"We believe that TechStars can energize the startup community in Seattle in a unique way," Sack said.