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As Techstars retools, some former staffers say it lost focus on what made it successful
Well-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs. Criticism from former members of its decisions lit social media channels who argued that the famed startup accelerator has lost focus on the very thing that historically made it so successful.
Criticism from former members of its decisions lit social media channels who argued that the famed startup accelerator has lost focus on the very thing that historically made it so successful: city-based operations in areas not swarming with other such programs. Given its extensive global footprint and lengthy history of investing in early-stage startups, changes to how Techstars operates will impact founders, and local venture ecosystems around the world. The same former MD also criticized Techstars work with corporate partners to fund programs, telling TechCrunch that client churn rates were high.
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