It's bad if you come out of the Techstars program without any funding and a non-sustainable company, but then you're probably screwed anyways. VCs are infamously inscrutable; we hear that they are always out to take advantage of naive or underfunded companies.
If you're good enough to get further investment after Techstars, you get it from a VC that you already know instead of having to deal with the typical painful negotiations. And if Brad Feld's Foundry Group will give you money, maybe you could get Bay Area VC money. Even better, the best companies will get to reinvest their own profits.
If you're good enough to get further investment after Techstars, you get it from a VC that you already know instead of having to deal with the typical painful negotiations. And if Brad Feld's Foundry Group will give you money, maybe you could get Bay Area VC money. Even better, the best companies will get to reinvest their own profits.