The “TechStars” incubator for starting successful companies
December 18, 2010 2 Comments
TechStars is a three-month accelerator program that gives budding entrepreneurs access to mentors and hundreds of angel investors and venture capitalists. Today we talk to Andy Sack, Executive Director of TechStars Seattle, about what happens at TechStars, and the patterns he sees emerging in the startup world.
This comment points to Prof. Richard Florida’s thesis that highly educated, smart mobile talent will go where the opportunities are:
TechStars also serves as a magnet for entrepreneurs to come to its chosen cities. “I think with TechStars in Seattle, Seattle’s rising. Given the amount of talent, and education, and sort of the natural resources of the region, there should be even more bigger technology companies coming out of Seattle.
The corollary is that communities that lack this sort of magnet will lose the smart, ambitious, highly educated, mobile workers. And that will stunt their communities own future opportunities.
Spokane has SIRTI, a state agency that provides some what similar start up incubator services to a variety of entrepreneurs including in science and technology.