Seed fund and accelerator TechStars put on its “Demo Day” in Boston to present 12 new companies to more than 350 VC and angel investors. TechCrunch’s Rip Empson says in the last five years TechStars has grown significantly in both size and reputation, and the accelerator says seven of the first 20 companies to go through its program have been acquired by larger companies, and about 70 percent of its companies have raised follow-on funding or have since become profitable. READ MORE
