Tech Start-Up Incubator TechStars Opening an Office in New York

robot egg Tech Start Up Incubator TechStars Opening an Office in New YorkIn what should be seen as a boost for New York’s tech community, start-up incubator TechStars is set to open an outpost here in January, thereby adding a fourth wing to its network of offices in Boston, Seattle, and Boulder, where it was founded in 2006. TechStars helps start-up founders by giving them a little cash– up to $18,000 per project– and access to advisors.

The New York office will be run by seed stage investor David Tisch and TechStars CEO David Cohen, who according to Silicon Alley Insider, is temporarily moving to the city to oversee the new program. As the official announcement puts it: “The rapid growth and intensity of the New York tech scene has been well documented. We look forward to joining the movement and integrating a New York flavor of the TechStars program into this thriving entrepreneurial community.”

The team of mentors they’ve assembled for New York features a long list of founders that includes Foursquare’s Dennis Crowley, Hunch’s Chris Dixon, Tumblr’s David Karp, Yipit’s Vinicius Vacanti, Drop.io’s Sam Lessin, Thrillist’s Ben Lerer, and Hot Potato’s Justin Shaffer. They’ve recruited a number of prominent money men, too, including Fred Wilson and Albert Wenger from Union Square Ventures, Charlie O’Donnell and Phin Barnes from First Round Capital, Roger Ehrenberg from IA Venture Partners, and Dave McClure from 500 Startups. Also on board are web consultant Rex Sorgatz and HackNY’s Hilary Mason and Evan Korth (from bit.ly and N.Y.U., respectively). The full list of advisors can be found here.

Applications for TechStars NYC’s inaugural three-month session are due in November; according to TechCrunch, the incubator will take a 6 percent equity stake in each startup they support. 

Article continues below
More from Politics
STAR OF DAVID OR 'PLAIN STAR'?   If you thought "CP Time" was impolitic, on July 2 Donald Trump posted a picture on Twitter of a Star of David on top of a pile of cash next to Hillary Clinton's face. You'd think after the aforementioned crime stats incident (or after engaging a user called "@WhiteGenocideTM," or blasting out a quote from Benito Mussolini, or...) Trump would have learned to wait a full 15 seconds before hitting the "Tweet" button. But not only was the gaffe itself bad, the attempts at damage control made the BP oil spill response look a virtuoso performance.  About two hours after the image went up on Trump's account, somebody took it down and replaced it with a similar picture that swapped the hexagram with a circle (bearing the same legend "Most Corrupt Candidate Ever!"!). Believe it or not, it actually got worse from there. As reports arose that the first image had originated on a white supremacist message board, Trump insisted that the shape was a "sheriff's star," or "plain star," not a Star of David. And he continued to sulk about the coverage online and in public for days afterward, even when the media was clearly ready to move on. This refusal to just let some bad press go would haunt him later on.
Donald Trump More Or Less Says He’ll Keep On Tweeting as President