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As Techstars retools, some former staffers say it lost focus on what made it successful

TechCrunchTechCrunch · 1y ago
As Techstars retools, some former staffers say it lost focus on what made it successful
Medial

Techstars, a prominent startup accelerator, recently announced several changes to its operations, including closing some city-based programs. Former members criticized the organization's decisions, arguing that it lost focus on its successful city-based programs. Critics believe that the move away from local fundraising and reliance on corporate partners has negatively impacted the talent and success of its accelerator programs. Techstars' CEO, Maëlle Gavet, defended the changes, stating that the local funding model was no longer effective. The organization's future and fundraising efforts remain uncertain, but Gavet is optimistic about Techstars' growth and expansion.

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Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch

TechCrunchTechCrunch · 6m ago
Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch
Medial

Jenny Fielding, co-founder of Everywhere Ventures and former Techstars managing director, sparked a conversation about the appropriateness of early-stage founders having executive assistants (EAs) to help them schedule. Some suggested using AI executive assistants, while others defended the need for human assistance. Fielding's point was that founders should focus on building a product rather than excessive spending. Seed investors, like Fielding, believe founders should spend their cash as they see fit, but early-stage VCs will still evaluate their cash management when it's time to raise the next round. Fielding also mentioned that certain titles and high salaries at early-stage startups can raise red flags for VCs.

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