The Telluride Venture Accelerator (TVA), located in Telluride, CO, combines an unparalleled setting with world-class mentors and an outstanding investor community to provide a 5-month residential business accelerator program (February-June). After 5 months, your company will have honed its business model and will present to Telluride’s unique investment community – including Demo Day in Telluride and roadshows in Boulder/Denver and San Francisco.
TVA Target: TVA focuses on entrepreneurs with innovative high growth businesses in the outdoor recreation; travel and tourism; health and wellness and natural resource management sectors. Within this focus, TVA prioritizes technological products and services (e.g. software, mobile, mobile apps, hardware) and businesses that have a higher potential to operate virtually. TVA considers companies from the idea stage to <$1m US in sales.
The model: We invest $30,000 for a 5% equity stake in your company.
Investment: The Telluride Venture Fund is a sister organization which reviews all TVA companies for follow-on funding. To date, TVF has invested in over ½ of TVA ventures and additional sidecar investments in over half of TVF investments.
Special Sauce: The TVA’s greatest strength is its extraordinary and growing community of mentors (85+) who are successful world-class entrepreneurs and business leaders – from full-and part-time residents to frequent visitors. Each brings an enormous network and invaluable perspective on starting and growing a business, plus an extensive professional network. Above all, they are committed to the TVA companies and the community, giving generously of their time (over 1,000 hours in 2015) and leveraging their experience for the success of young entrepreneurial companies. TVA’s mentor interaction is different from other programs, as mentors are spending time in a relaxed setting instead of providing assistance after their work day when rushing home. All of our mentors and entrepreneurs mention that this as a unique strength of the experience at TVA.
Results: Over $9m US raised for 18 companies in 3 years. TVA companies average $552k US within one year.
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