Monday, February 28, 2011

TechStars Launches Bracket Competition For Startups

TechStars, the startup incubation group which has an arm in Seattle headed by Andy Sack, said this morning that it has launched a new Startup Madness bracket competition, inspired by the upcoming March Madness basketball competition. According to TechStars, the competition includes a prize of $5,000 worth of advertising on the Seattle 2.0 website, part of over $25,000 in prizes which will be in part determined by voting by tweet. The competition is open to non-TechStars companies that have not raised over $250,000, have revenues below $250,000, and have a live demo or product, in the internet, software, or high-tech areas. The competition will pit different startups against each other to determine the ultimate winner of the prizes.