Tuesday, May 22, 2012

TechStars company funding stats by location

Just did a quick research on TechStars company funding based on TechStars' published data.

Seattle TechStars Stats
2011
2010
# Companies 
10
9
# Companies funded
5
6
# Total employees
51
41
# Employees in funded companies
37
28
Total funds ($K)
8,757
2,470
% Companies funded
50%
67%
Avg funding Size/ funded company ($K)
1,751
412
Avg funding/employee ($K)
237
88
  • Only 50% companies were funded in 2011, tied w/ New York for lowest percentage of funded companies. 
  • Average deal size in 2011 is four times of that in 2010.  It'll be interesting to see whether bigger deals will bring higher percentage of successes. 

New York TechStars Stats 2011 Summer 2011 Winter
# Companies  12 11
# Companies funded 6 10
# Total employees
63
53
# Employees in funded companies 34 46
Total funds ($K) 12,030 20,545
% Companies funded 50% 91%
Avg funding Size/ funded company ($K) 2,005 2,055
Avg funding/employee ($K) 354 447
  • In New York while average deal size is about the size, funding per employee shrank 21%.
  • Only 50% companies were funded in NY.


Boulder TechStars Stats 2011 2010
# Companies  12 11
# Companies funded 8 9
# Total employees 80 73
# Employees in funded companies 56 65
Total funds ($K) 10,268 14,416
% Companies funded 67% 82%
Avg funding Size/ funded company ($K) 1,284 1,602
Avg funding/employee ($K) 183 222
  • 29% decrease in deal size from 2010 to 2011 in Boulder.


Boston TechStars Stats 2011 2010
# Companies  12 10
# Companies funded 11 4
# Total employees 78 32
# Employees in funded companies 73 15
Total funds ($K) 14,842 2,735
% Companies funded 92% 40%
Avg funding Size/ funded company ($K) 1,349 684
Avg funding/employee ($K) 203 182
  • Almost double in deal size and more than double in percentage of companies funded in Boston.

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