A few months ago I posted about how I went down to Boulder, Colorado to attend open source discussion forum software for a Day. Mark O’Sullivan online is a mentorship-driven seed-stage investment fund. In human terms, it means that they invest a small amount of money in your business and provide mentorship to help you get off the ground in exchange for a small stake in the company.
I stumbled upon TechStars when I decided that it was time to take Vanilla to the next level. Garden and Vanilla 2 were nearing completion, and I realized that without some kind of small investment, I was going to fall back into the pattern of trying to support my open-source efforts by doing side-projects. And inevitably those side-projects become my main project, and Vanilla becomes the side-project in turn. I started emailing and calling everyone I knew asking if they had any ideas for how I might make a real business out of Vanilla. One of my good friends referred me to Jeffrey Kalmikoff at Threadless, and Jeffrey referred me to David Cohen from TechStars.
I honestly didn’t think TechStars was a viable option for me. In my mind I just needed some money so I could continue to develop and pay my monthly bills.