I’ve written previously about the second order effects of TechStars. Now that we’ve completed four years, and 6 of the first 20 companies have already been acquired (or in the case of Occipital, had a major product acquired), we’re starting to see yet another nice side effect.
Jeff Powers and Vikas Reddy of Occipital (a TechStars 2008 company) recently invested in a TechStars company from 2010 called Orbotix (fka Gearbox). As far as I know, that’s the first past TechStars company founder investing in a new TechStars company. And Matt Galligan, one of the founders of Socialthing (a TechStars 2007 company that was acquired by AOL) has now founded and is CEO of SimpleGeo. Matt recently became an angel investor in an interesting stealth startup that was founded by one of his friends.
It’s so gratifying to not only see these founders of past TechStars companies doing amazing things with their own startups, but also that they are already giving back and helping other entrepreneurs reach their dreams as well by participating as angel investors. Congrats guys – you rock!