Discrepancy AI accepted into Techstars DC

This fall, Discrepancy AI took an additional step towards revolutionizing document review! Discrepancy AI joined the fall 2024 class of Techstars Washington DC for a 3 month long experience powered by J.P Morgan Accelerator. With the help of Techstars mentorship, resources, and network, the accelerator will help bring Discrepancy AI one step closer to disrupting the paperwork-heavy real estate industry – turning piles of paperwork into valuable insights for property managers and landlords. 

What is the Techstars Accelerator? 

A brief history lesson: the modern startup accelerator emerged in 2005, when Paul Graham put together a 3 month “boot camp” for founders that later became Y Combinator. Graham’s model was a crash course that taught founders to tweak, iterate, and scale the business, before introducing them to a wide network of investors. This accelerator model has been rapidly adopted across the technology space, and today accelerators like Techstars are a top choice among startup accelerator programs.

Techstars Washington DC is an early-stage startup accelerator headquartered in Washington DC. With the help of Techstars, startup founders meet mentors, resources, and investors who can help them scale. Techstars accelerators are offered in many locations across the United States and abroad, and applicants are encouraged to choose a location that will provide the best opportunity to network. 

With PitchBook already suggesting Washington is “a bigger startup hub than Seattle or Austin” and the added professional reach and network from J.P. Morgan (which includes an integrated suite of banking, wealth management, and advisory services available to founders), we couldn’t be happier to bring Discrepancy AI to Washington DC. 

What makes Techstars unique?

According to Managing Director Adam Phillips, Techstars is not just about advancing technology – founders also “embody the spirit of innovation that it takes to grow something-from-nothing.” It’s no surprise, then, that alumni from Techstars accelerators are known worldwide. 

Techstars co-founder Elliot Cohen is also the founder of PillPack, which he conceived after a Techstars Startup Weekend event. Cohen went on to sell PillPack to Amazon for just under $1B. Other notable Techstars alumni include Rover.com (which came out of the same startup weekend that prepared Elliot Cohen for PillPack), money transfer service Remitly, SalesLoft, ClassPass, and more! 

What does Techstars involve?

In the first month, Techstars companies connect with around 100 mentors in the Techstars network: a flurry of meetings known fondly as “Mentor Madness.” Mentors help with areas of the business that need support, including product development, market fit, marketing, or sales. These mentors help founders go deeper into goals, such as identifying the most important performance indicators or building a proof of concept for a corporate partnership. 

As part of the fall 2024 TechStars cohort, we are incredibly honored to be selected for Techstars DC. The opportunity to learn from mentors and utilize the suite of services provided by J.P Morgan will help Discrepancy AI to iterate, scale, learn, and take our big idea to the next level. 

Discrepancy AI is one of two Toronto startups joining the fall 2024 Techstars cohort, joined by 18 other companies from around the world. The accelerator started on September 9 and will continue until demo day on December 5 (so keep your eyes peeled!).