This is not the case. Startup Weekend is the brainchild of Andrew Hyde, who is a personal friend and who was operating a camera for much of this past summer at Techstars here in Boulder. Andrew proposed his idea to me and I was supportive, suggesting that he proceed and organize it. So he did.
The first startup weekend took place in Boulder on July 7 and 8th. At this time Techstars was in full swing. Several (perhaps 4 or 5) of the 26 founders from the Techstars companies this summer participated. I also participated and live-blogged the entire event. About 80 other people who were in no way affiliated with Techstars participated at the first Startup Weekend in Boulder as well. Most of the Techstars companies did not participate in any way.
I think Startup Weekend is a great way to build community. Andrew has talked about this before as being the main goal of Startup Weekend, and so have I. So it should come as no surprise (and Mike is very right) that it’s not primarily about building sustainable companies. Instead, think of it as building sustainable communities.
The reason for this post is simply to set the record straight about Startup Weekend. It is not a child of Techstars. It’s the work of Andrew Hyde and many others who have contributed to the efforts of Startup Weekend. Andrew has done a great job with this and deserves any credit for the origins of the idea or the progress the Startup Weekend has made nationally and worldwide.