Today TechStars held its third Demo Day, offering a dozen of its startups the chance to display their wares in front of a throng of investors and the media. TechStars is a seed stage investment fund similar to Y Combinator and DreamIt Ventures that gives startups a modest amount of cash (around $5,000 for each founder) and a three month mentorship in exchange for a 5% equity stake in the company. → Read More
More acquisition news from the TechStars Demo Day: madKast will soon be acquired by ShareThis, a widget company that allows users to share a blog post or news article across multiple services like Digg and MySpace. madKast, which we covered last October, is also a widgetmaker, allowing users to share posts through web services as well as through other routes like SMS messages and email.
Details… → Read More
The first TechStars company to launch, MadKast has raised a $300,000 series A round of financing from EONBusiness Venture Capital and several Angel investors in California and Colorado. Another TechStars company, EventVue, closed their own round of funding last week. MadKast is an embeddable widget that lets you easily share links with your friends on any of 15 link sharing sites (Digg, Delicious… → Read More