If you’re an entrepreneur and you’re not familiar with TechStars, it’s time to get your head out of the sand. TechStars is a mentorship-driven seed stage investment program. Its goal is to help fledgling companies and entrepreneurs get going. The key to this help is guidance, mentoring, a little hand-holding and an opportunity to get financed at the end of each three month session.
I’ve been fortunate to have been a mentor for the last two years and an investor in TechStars Boston. I’ve also made seed investments in three TechStars companies, AccelGolf, Socialsci and Marginize. I truly enjoy the mentoring part of the program, there’s nothing quite as fun engaging with smart people on interesting topics and reflecting on the experiences I’ve had starting companies myself over the years.
To capture the thoughts and ideas of some of the mentors in the program, David Cohen and Brad Feld, the brain trust behind TechStars, have compiled a book of advice to startups called, Do More Faster: TechStars lessons to Accelerate Your Startup.
I was honored when David and Brad asked me if I’d write a chapter for the book on hiring people who are better than you are. It’s a subject near and dear to my heart since I fundamentally believe that successful companies are built around superb teams and not necessarily great ideas alone.
Congratulations to both David and Brad. The book, by the way, is available through Amazon now. You can check out more about it at the Do More Faster site.