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This post is an attempt to unpack the changes we observed both during and after our time with Techstars, to draw out potentially useful lessons about how things might have gone differently. ——— In the Beginning: Champions of the Local StartupEcosystem Techstars launched its first program in Boulder in 2007.
Pitch perfect, you might think. There is every likelihood that Zennström’s Atomico would have joined Klarna’s cap table in 2010 if it weren’t for a single line of text published on the VC firm’s website, which read something like, “don’t contact us, we’ll contact you.”
Our Leadership Team started noticing something interesting around 2010: many of our customers were VC-backed startups. It made sense because a common playbook for consumer-facing startups was to build the product, prove PMF, raise capital from investors, and then deploy some/much/most of that capital in paid media to grow quickly.
Pitch perfect, you might think. There is every likelihood that Zennström’s Atomico would have joined Klarna’s cap table in 2010 if it weren’t for a single line of text published on the VC firm’s website, which read something like, “don’t contact us, we’ll contact you.”
When we launched in 2010, I saw a white space: a burgeoning NY tech ecosystem, but only one angel group regularly writing checks. We organized a series of HBS Angels pitch nights, joint with a range of affinity groups for HBS Alumni: HBS African-American, HBS Healthcare, HBS LBGT, and HBS Latino. Realistic projections.
When we launched in 2010, I saw a white space: a burgeoning NY tech ecosystem, but only one angel group regularly writing checks. We organized a series of HBS Angels pitch nights, joint with a range of affinity groups for HBS Alumni: HBS African-American, HBS Healthcare, HBS LBGT, and HBS Latino. Realistic projections.
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