The Program

TechStars Blog

23rd August 2013

The promise of Techstars

I’ve been a part of several of enterprises over the years, including ones I’ve founded.

As a critical thinker in all of these these organizations, I’ve always found myself actively and passively asking, “Wait a minute. Is the enterprise really living up to its outward-facing promise?” The answer has always been “Yea, sort of. We’re working on that.” Often, the caveats are perfectly acceptable and shape a forward-thinking plan. The promise has always been an aspirational vision.

To me, Techstars is the exception to this rule. Techstars is the first organization that I’ve been a part of that not only delivers on its promises but over delivers – today and every day for every founder. The unfair advantages, the funding, the mentorship, the network, the playbook, the “entrepreneur first” mentality, the care and feeding – it is all in place and entrepreneurs worldwide can absolutely rely on it. Techstars is not the gym membership that may or may not result in a fit body. It is well-choreographed, dynamic program that absolutely delivers exceptional entrepreneurs, every time.

I’ve spent the last year trying to deliver on this promise as an MD. I think we did! That said, this cohort will be my last.

I’ve decided to take this refreshing mentality to a new opportunity. I informed David Cohen and the Techstars board of my decision to resign as Managing Director last week. I have a once-in-a-lifetime chance (to be announced later), that I just can’t pass up – one that wouldn’t allow me to live up to the Techstars promise if I were to try to juggle. I will remain an annoyingly (hyper)active mentor and will be forever engaged with the 11 companies that were in this summer’s cohort in Boulder. I love them all.

Nicole Glaros is back in Boulder and will take over the helm as Managing Director for the Boulder program.

Thanks to the volunteer army that enables Techstars to live up to its promise to entrepreneurs. It is a network that I’ll always contribute to.

Focus and explode,
-LB