Inside Techstars: How Tim Grace Evaluates and Backs Early-Stage Founders

How a former DraftBit co-founder now evaluates momentum over traction and backs solo founders through America's top accelerator

Tim went from building DraftBit (a no-code mobile app platform that still generates $100K monthly) to becoming Managing Director of Techstars Columbus, where he's invested in 34 companies that have collectively raised $21 million post-program. His unique approach focuses on "team, team, team" while partnering with Ohio State University's $110 million software innovation initiative to back founders solving problems in healthcare, energy, and AI-driven legacy industries.

Follow Tim: LinkedIn | Techstars Columbus

Key Results

  • 34 companies invested through Techstars Columbus program
  • $21 million raised by portfolio companies post-program
  • $220K investment per company (5-6% equity typical)
  • 38 investments through Long Jump fund in Chicago
  • 21 unicorns across entire Techstars network (5,000+ companies backed)

Key Insights from the Interview

The "Team, Team, Team" Philosophy That Drives $220K Decisions

Tim's investment philosophy centers on one core principle borrowed from legendary Michigan football coach: "the team, the team, the team." Unlike investors who obsess over traction metrics, Tim prioritizes founders who demonstrate unique market insight, deep mission alignment, and proven resilience.

His evaluation goes beyond traditional startup metrics. He looks for people who can lead a company for the next decade and turn it into a venture-scale success. The technical solution matters, but the human element determines whether that $220K investment becomes a unicorn or fails within 18 months.

"We're going to over index significantly on that no matter what. Second thing is sort of the market opportunity, like essentially can this be a big business. We need to believe that each company that we invest in has the potential to become, you know, a billion dollar evaluation company."

Why Solo Founders Can Win (But Need to Prove Exceptional Momentum)

Contrary to Silicon Valley wisdom, Tim actively invests in solo founders - three out of his current 10-company cohort are solo founders. But they must demonstrate exceptional ability to create momentum with limited resources, especially if they're non-technical.

His portfolio proves solo founders can succeed: some found strong technical partners, others learned to manage outsourced development teams effectively, and technical solo founders scaled their own products. The key is showing you can do more with less, then projecting how you'll accelerate with proper resources.

"I definitely invested in solo founders. I think we have three in this cohort out of ten. I do think that it requires that person to be exceptional in some way. The more technical the company, the harder it is with a solo founder."

The $5 Billion Bootstrap Lesson That Changed Everything

Tim's program exists because of Ratmir Timashev, who bootstrapped Veeam to a $5 billion exit without raising venture capital. This proves venture funding isn't the only path to massive outcomes, but it requires a different approach to resource allocation and growth.

Most Techstars companies will raise additional capital post-program, but Tim supports whatever path founders choose. The $220K provides 3-9 months of runway to prove market fit and build momentum for either profitable growth or Series A fundraising.

"It's certainly possible to scale to a $5 billion outcome without taking venture capital. So there's a headline to take there."

Actionable Frameworks You Can Apply

1. The Momentum Over Traction Assessment Framework

The Challenge: Founders obsess over traditional traction metrics without understanding what investors actually evaluate.

Tim's Solution: Focus on momentum relative to available resources and time invested:

  • Evaluate what founders accomplished with their specific constraints
  • Look for evidence of customer validation through interviews and early commitments
  • Assess ability to generate progress without external funding or technical cofounders
  • Measure learning velocity and willingness to pivot based on market feedback

How to Apply: Document your progress relative to your starting point. If you're non-technical and part-time, highlight customer interviews completed, early sales commitments secured, or product specifications refined. Show you can create momentum before asking for resources.

Unlock 4 More Proven Frameworks + Full Webinar Video

Tim shared five battle-tested frameworks from his experience backing 34 companies and raising $21M in post-program funding. Get immediate access to the remaining frameworks:

✅ The Uncapped SAFE with MFN Strategy

✅ The 13-Week Accelerator Structure Blueprint

✅ The Corporate Partnership Advantage System

✅ The Solo Founder Success Evaluation Method

Plus bonus content:

  • Complete 60-minute webinar video with Tim
  • Techstars application optimization using their custom GPT
  • Financial modeling approach that demonstrates real momentum
  • Direct access to Tim's calendar link for serious applicants

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