The “TechStars” incubator for starting successful companies

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.

via TechStars: Discovering Seattle’s next big thing — building43.

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.

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2 Responses to The “TechStars” incubator for starting successful companies

  1. Bill Kalivas says:

    You have created the most important economic blog in our region and I am so disappointed that so few people are reading it.

    I was involved in the idea and creation of the 2003 Developing an Innovation Economy Report which you cited in several places. I worked in Silicon Valley from 1994 to 1999 when I returned to Spokane and began working for Cisco and also created the annual LaunchPad Events. I was recruited by community leaders to help launch Intec in 2001 which was at the epicenter of the Innovation Economy Report as well as bringing Richard Florida to Spokane to speak. I could tell you about so many battles we had with economic leaders, specifically at Sirti, which is why that report was dismissed by most economic leaders at the time.They did not want us, Intec, leading that effort and they worked very hard to kill our funding which they did in 2003.

    I can tell you so many of these stories but I also have several new ideas and new hope for this region. But as you stated so appropriately in several areas, our leaders must first acknowledge our issues before we can fix them.

    I would appreciate an opportunity to meet you for coffee sometime if you are open to it. I am very impressed with your research and also your assessment of our past and your predictions for our future. I would like to help drive more readers to your blog and have a few ideas, thank you.

  2. Bill Kalivas says:

    Incidentally, I believe the new leadership at Sirti has a much more open process and I have much more trust and faith in their leadership. Just to be clear…

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