Techstars refreshes its approach: Concerns raised by ex-employees over straying from original winning formula

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As Techstars retools, some former staffers say it lost focus on what made it successfulWell-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs. And one former Techstars managing director (MD) told TechCrunch that the move away from local fundraising for city-based accelerator programs was an error. One former managing director (MD) said that having local limited partner investors in Techstars meant that more people in those cities had a stake in its local programs. The shift away from local capital and more focus on corporate dollars meant that city-based boosters and founders were less central to Techstars’ focus, the MD said. Still, Techstars faces competition, not just from Y Combinator domestically, but from other accelerator programs in the US and elsewhere around the world.

Enhancing Conference Spending ROI Measurement with Sproxxy

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Whenever you go to a conference, whether as a sales and marketing exercise, or an executive is speaking, there is a cost associated with that. For executives, it is time away from the office, the cost of a ticket for attending and travel costs. How do companies justify the cost of attending those events? The target market is midsize business to enterprises, who are looking for a way to manage this process. She eventually found Ivy Ventures, a firm that invested a modest $500,000 to get Sproxxy off the ground, and later added another $600,000.

Title: Strategies for Successful General Partner Succession

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Nearly 10 years ago, in April 2015, I published a blog called “Confronting the ‘S’ word: Dealing with general partner succession.” As the founder and managing partner of Vintage, I wanted to ensure that Vintage would survive after I retire. Succession management is more critical now than ever before. [The succession process] requires an open and genuine dialogue between the senior retiring and incoming management teams. Implementing the succession process early: A fund management team needs to start the process and implement the mechanisms at least five to seven years before the current leadership team transitions out. It is common for the founding or the current managing partner to start phasing out in their late 50s or early 60s.

Is the Startup World Overemphasizing Quality at the Expense of Innovation?

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When it comes to startups’ flight to quality, have we swung too far in the other direction? Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our new Saturday show, where we sit down with a guest, think about their work, and unpack the rest. This week, we talked to Jenny Fielding, co-founder and managing partner at Everywhere Ventures, a founder collective and early-stage (think pre-seed) venture firm. Jenny and I discussed a wide variety of topics, including startups’ flight to quality in 2024 and how smaller firms are competing with larger firms in the current investment landscape.