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. + This post unpacks offers an insiders’ view of some of the key strategic decisions that led to Techstars’ decline. ————– Techstars is – or was – one of the world’s best startupaccelerator programs.
Concurrently, the number of funds raised in the eight-year period up to 2022 was 2,700 , up from 883 in 2010. Moreover, rumors of deeply unethical behavior at accelerators are starting to surface frequently. The most notable example was allegations of fraud at Newchip , a popular virtual startupaccelerator.
Some friends in Boulder were experimenting with an idea for a “startupaccelerator” they called Techstars. We asked if they’d be willing to let us try a version of it here in Seattle and they agreed, so we launched the first Techstars Seattle class in the summer of 2010.
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