BoomStartup Joins TechStars Network To Accelerate Startup Businesses and Enhance

Entrepreneurship in Salt Lake City, UT

As a TechStars Network Member, BoomStartup Takes Part in White House Startup America
Program

Salt Lake City, UT – January 31, 2011 – BoomStartup is today announcing that it is now a
member of the TechStars Network, a newly launched White House sponsored alliance of
independently owned and operated startup accelerator programs from dozens of cities across the
United States and around the world.

The TechStars Network is comprised of other startup accelerator programs similar to

BoomStartup that provide seed funding and mentorship to innovative entrepreneurs.
BoomStartup will collaborate with these organizations and learn best practices from the
mentorship-driven model pioneered by TechStars, the leading startup accelerator program in the
United States. As a member of the TechStars Network, BoomStartup will have access to a rich
set of strategic resources including professional development and ongoing support to effectively
lead and mentor innovative entrepreneurs across Utah.

The TechStars Network is part of the Startup America initiative, launched January 31, 2010 by
President Obama. In partnership with the White House, the goal of the TechStars Network is to
become an engine for job growth by ensuring that over the next four years, 5,000 experienced
business leaders and investors will mentor and support 6,000 promising young entrepreneurs.
The aim is to increase the success rate and sustainability of each program, and to ultimately
create 25,000 new economy jobs by 2015.

“We are pleased to have BoomStartup join the TechStars Network,” said David Cohen, Founder
and CEO of TechStars. “The TechStars Network signals and formalizes our support for credible
mentorship-driven programs like BoomStartup. We believe the proliferation of the mentorship-
driven accelerator model is healthy for entrepreneurs. Through this network of independent
organizations, we can help increase their impact dramatically and make entrepreneurial
communities the real winners.”

“At BoomStartup, we believe collaboration across boundaries builds stronger communities. The
TechStars Network will be the catalyst for a nationwide startup ecosystem, something our country
desperately needs. With TechStars Network's rich set of strategic resources, we will build
stronger companies faster that are better able to compete globally,” said Robb Kunz, Co-
Managing Partner, BoomStartup.

BoomStartup joins a select group of invitation-only TechStars Network member organizations in

major cities across the United States and around the world. Today the network is open to all
entrepreneurial thought leaders and organizations interested in building or enhancing mentorship-
driven startup accelerator programs.
About the BoomStartup
BoomStartup is Utah’s mentorship-driven seed accelerator Program focused on finding an
optimal business model and minimal viable product that is revenue-ready, and then make
connections to customers and investors. The goal is that the companies at the end of the
summer program will warrant investment from angel investors, venture capitalists, and
banks. BoomStartup’s mentors have included founders and key individuals from companies
including Omniture, Cisco, Skull Candy, Altiris, and many more. For more information, visit
http://boomstartup.com

About the TechStars Network

The TechStars Network is a membership organization that ensures the sharing of resources and
best practices between independently owned and operated mentorship-driven seed acceleration
programs across the globe. Currently, the TechStars Network includes charter members in
dozens of cities, including AlphaLab, Pittsburgh, PA; Arizona State University, Scottsdale, AZ;
Betaspring, Providence, RI; Blueprint Health, New York, NY; BoomStartup, Salt Lake City, UT;
Excelerate Labs, Chicago, IL; Founders Co-op, Seattle, WA; Incubate Miami, Miami, FL; Joyful
Frog Digital Incubator; Singapore; Jumpstart Foundry, Nashville, TN; LaunchPad Ignition, New
Orleans, LA; Ryan Academy Propeller Seed Accelerator Program, Dublin, Ireland; Springboard,
Cambridge, UK; Startupbootcamp, Copenhagen, Denmark and Madrid, Spain; TechStars Boston,
MA, New York, NY, Boulder, CO and Seattle, WA; Tech Wildcatters, Dallas, TX; The Brandery,
Cincinnati, OH; The Elevator, Tel Aviv, Israel. The TechStars Network is quickly expanding its
membership. For more information, visit http://www.techstars.org/network.

Contact: Robb Kunz, BoomStartup - 801.433.3055 – rkunz@boomstartup.com

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