💫 Special Edition: Founders everywhere, apply for up to $120K in investment from Techstars Detroit and so much more!

​This is a special edition of Lolita's Newsletter, a bi-weekly newsletter of curated actionable insights and resources for underestimated founders, funders, and friends.

​​I’m excited to share this special edition newsletter in collaboration with the Techstars Detroit Powered by JP Morgan team because I've personally worked with and am a fan of the program's Managing Director, Monica Wheat, and Investment Associate, Chacho Valadez. For as long as I've known them, they've been committed to backing and supporting underestimated founders. - Lolita Taub

​​A Note from the Techstars Detroit powered by JP Morgan team

​👋🏽 Early Stage Founders, it’s no secret that the bear market landscape has changed for early-stage companies, and raising money is more challenging than it’s been in a long time. Not to mention that fundraising has always been difficult for underrepresented founders. These factors are on top of the already difficult endeavor of building a company. Enter Techstars Detroit.

We are searching for the next 12 companies that will participate in our 3-month program at Techstars Detroit Powered by JP Morgan! Applications close on Jan 4, 2023, and the program starts April 3, 2023.

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We’re a diverse team that’s worked with thousands of companies, and that uniquely understands the pain points of companies at the earliest stages, especially those led by underrepresented founders. Our goal is to help you succeed as an entrepreneur. We are in the weeds with you, helping with anything from customer discovery, to product feedback, to refining your story for investors and business development partners, and much more.

You’ll be side-by-side with fellow entrepreneurs, mentors, and an extensive Techstars network of thousands working with you toward your success. We’ve even seen many entrepreneurs make lifelong friends through the program 🙂.

Techstars Detroit Powered by JP Morgan builds on the unique strengths of Detroit’s startup ecosystem, one that is built on resilience, community, and hard work. Techstars is the #1 investor in black and brown founders who raise $1M or more – this could be you!

About the program

• ​3-month, virtual/hybrid program: 2 weeks in-person, 10 weeks virtual

• ​Industry agnostic

• ​Open to all founders globally

• ​Techstars Detroit is open to all founders from all backgrounds but is designed to target recruiting and provide equitable access, funding, and support for entrepreneurs who are Black, Hispanic and Latino, Indigenous American, and/or Pacific Islander.
  

​Founders receive

• ​Up to $120,000 in institutional, venture-backed investment; you may choose either $20,000 or $120,000

• ​Access to the private JP Morgan investor connection portal, $25,000 line of credit, network, and resources

• ​Access to financial, human, and intellectual capital to fuel the success of your business

• ​Lifetime access to the Techstars worldwide network

• ​Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other perks worth more than $5M

• ​Investor Preview/Demo Day exposure and investor connections. Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program

​We look forward to seeing your applications!

​Thank you, The Techstars Detroit Powered by JP Morgan Team

​Disclaimer: This is a sponsored edition of Lolita's Newsletter, and we encourage you to do your own research before choosing accelerator programs.