Techstars lays off 17% of its workforce, and says it will end the JP Morgan-backed $80M Advancing Cities fund after fully deploying the money at the end of 2024
Dominic-Madori Davis / TechCrunch :
Sources detail Techstars under CEO Mäelle Gavet, facing departures of senior executives and corporate sponsors at times, and a $7.2M loss on operations in 2023
the story was a wild ride, and even I at times couldn't predict what would happen next https://techcrunch.com/...
Sources: JP Morgan is frustrated with Techstars over missteps in deploying the JPMorgan-backed $80M fund, aimed at helping underrepresented founders, since 2022
Dominic-Madori Davis / TechCrunch : X: @joebreider , @azharthegreat , @techcrunch , @techcrunch , @brianbrackeen , @janelleany , @likemych , @tanichambers , @aviel , @dominicmadori , and @azharthegre...
Techstars is shutting down its Seattle program, which was started in 2010, to shift focus on “hubs with the highest concentration of VC activity”
https://www.geekwire.com/... X: Chon Tang / @chontang : Raise a glass for Techstars 1.0, end of an era. I had a lot of respect for what they built - can't imagine what Techstars is without Seattle or ...