Companies are free to apply as an LLC. 

But, like many investors and funds, Techstars cannot invest in an LLC and you'll need to convert to a C-corporation prior to our investment. Delaware has a relatively simple statutory conversion process that most companies in this situation utilize. 

Your attorney can assist you in preparing a Plan of Conversion that will provide the basis for converting your LLC holdings into shares and other specifics. In addition to the conversion, your attorney will draft the other basic incorporation documents we request such as corporate bylaws and IP assignment agreements.