We believe that existing accelerator models are outdated and are not optimized for the entrepreneur (but rather for the investor). At Boomtown, we orbit around the entrepreneur. Period. Everything that we do is to maximize their success. You will experience new approaches to programming, mentorship, curriculum and just about everything else.
A hallmark of our program is supporting each startup in a way that’s custom-tailored for individual founders. And, we continually tweak and improve our program from session to session with this in mind. This is unlike many other accelerators and it has enhanced the value we provide to Boomtown cohorts.
It’s critical for entrepreneurs who are at different stages of development and are not well-served by a “cookie-cutter” approach. We aim to create great entrepreneurs, because great entrepreneurs create great companies, and great companies are investable companies.
We strongly suggest that there be at least two founders who can be present for the duration of the Boomtown program. We like to have a CEO and CTO, in order to diversify the skill set of your business represented in the program. You’ll be learning a lot of new things and be challenged to work on all aspects of your business, so having someone to partner and collaborate with is key. Having said that, we understand that early stage companies may not yet have two founders in place. If that’s the case with you and you feel that you’re a strong candidate for our program, please explain your situation in your application and/or contact us directly to discuss your situation. More than two is fine as well – we can certainly work with larger teams, and welcome a wealth of ideas and energy.
You’ll receive USD $35,000.00 in cash, deposited to your bank account right after signing our stock purchase agreement.
The program is 12 weeks long. The Boomtown space is open to teams 24/7, and there is programming throughout the week, Monday–Friday.
Each accelerator includes these amenities:
- Reconfigurable desks and workspaces, yours for the duration of the program
- Private conference rooms with A/V and power
- Sound-insulated phone booth for private conversations
- TV lounge with cable tv for screenings and private meetings
- WiFi and high speed internet
- Team lounge area
- Usability testing room with A/V and one-way viewing window
- Electronics/fabrication/prototyping laboratory with tools, 3d printers, electronic workstations, lab benches, ventilation, sponsored by Comcast Labs
- Communal kitchen table
- Coffee and Espresso station featuring roasts from The Unseen Bean
- Community snack refrigerator, sponsored by Whole Foods Market
- Personal food refrigerator
- Bicycle parking
- Shower/changing rooms
- Guest waiting area
- Reconfigurable presentation spaces
$35k investment for 7% equity, but solely common stock (rather than preferred). Your company valuation is not affected since this is not considered a financing round.
Boomtown has an in-house counsel to help you and great lawyers to support you. We can handle most corporate and cap table challenges.
Perks are currently valued above $1.7 million in value. They include hundreds of thousands in hosting from Google, Amazon, SoftLayer, etc. Also included are discounts on most software products that any startup needs (MailChimp, SendGrid, outsourcing, marketing, design, etc). Additionally, we are constantly negotiating new perks, and work closely with our companies to develop perk benefits to suit their immediate needs.
We strongly suggest at least two core team members to be physically present in Boulder for the duration of our 12 week program. There’s simply too much good stuff to absorb, and you really need to be in Boulder to make it work. Having said that, we understand that founders of early stage companies often have other obligations that may preclude them from being physically present the entire time. If that’s the case with you and you feel that you’re a strong candidate, please explain your situation in your application and/or contact us directly to discuss your situation. More than two team members is fine as well. Unfortunately, we can not find housing for you, but we can point you to a few resources to help with your search.
Yes. We prefer Delaware corporations, and our in-house legal counsel will work with you to get this all setup.
No, as long as you can get here for at least three months. We’ve funded many startups founded by non-citizens.
No. Please make sure you understand the requirements and timelines associated with getting visas for the full duration of the program. You will not be eligible for the program if you can not arrive by Day 1.
Part of the reason we offer the $35k is so you and your team can be completely focused on building your company without worrying about paying for food, housing etc. Our main goal is for our companies to succeed, and we believe that the resources, community and mentors are a big driver to helping them do so. Therefore, we do not accept teams that are unable to focus on their startup full time. Although, we may consider some extreme exceptions on a case by case basis, if the current job is valuable in helping the company to succeed. We have yet to see the case, but we are open minded.
Boomtown will never ask for money from you as part of the application process. (If you are asked for money, report it to us here immediately.)