UP Global today announced core team changes to align the organization’s ‘cost to serve’ with available funding, in order to focus its resources on achieving its goals of touching 500K lives, identifying 500 notable startups and supporting 1K thriving entrepreneurial communities.
The reduction of 11 US based staff positions are almost entirely in global support roles at UP Global’s HQ in Seattle. In the past 18 months, UP Global’s team grew from 48 people to 64 people. This growth rate has outpaced what the market could support. As with many non-profit organizations, it remains critical to strike the right balance between team, funding, reach, and impact.
“We’ve been an evolving organization since we were founded.” said Marc Nager, CEO. “Change is in our DNA. Some changes are difficult and this is certainly one of those. We could not have achieved such global impact without the efforts and talents of these amazing team members. We will do all we can to make this a seamless transition for our team, for our community leaders, and for our partners. Despite this being a hard decision, we are confident that this will position us to continue to expand our impact and provide access to entrepreneurship across the globe.”
UP Global’s commitment remains focused—to increase access to entrepreneurship; to make it easier to run events; and to support Community Leaders around the world.