<story><title>TechStars Raises Fresh $24 M, Offers New Startups $100K Each</title><url>http://www.betabeat.com/2011/09/21/techstars-raises-fresh-24-m-offers-new-startups-100k-each/</url></story><parent_chain></parent_chain><comment><author>sama</author><text>The reason the Start Fund works is that the terms are so good--uncapped and no discount--that if you&apos;re planning to raise money at all, you should take it, and so the investors get a real index, including the potential home runs.&lt;p&gt;These terms are significantly below the mean for the last YC batch, and I&apos;d bet that some of the best startups don&apos;t take the deal.  It&apos;s a decidedly less clear strategy to invest in only the not-so-good startups in a batch.</text></comment>
<story><title>TechStars Raises Fresh $24 M, Offers New Startups $100K Each</title><url>http://www.betabeat.com/2011/09/21/techstars-raises-fresh-24-m-offers-new-startups-100k-each/</url></story><parent_chain></parent_chain><comment><author>jot</author><text>&lt;i&gt;&quot;Y Combinator started the year before us, and it’s the same genre, but under the microscope, we could not be more different,&quot; said Mr. Cohen. &quot;The fundamental difference between us and the other accelerator programs is they have a black box, while we have open sourced our model.&quot;&lt;/i&gt;&lt;p&gt;TechStars and YC are certainly different but having read:&lt;p&gt;What Happens At Y Combinator: &lt;a href=&quot;http://ycombinator.com/atyc.html&quot; rel=&quot;nofollow&quot;&gt;http://ycombinator.com/atyc.html&lt;/a&gt;&lt;p&gt;and the TechStars equivalent:&lt;p&gt;Do More Faster:
&lt;a href=&quot;http://www.domorefasterbook.com/&quot; rel=&quot;nofollow&quot;&gt;http://www.domorefasterbook.com/&lt;/a&gt;&lt;p&gt;YC doesn&apos;t seem like any more of a black box than they are.</text></comment>