Techstars CEO defends changes, says physical presence in a city is not necessary for investment
Earlier this week, accelerator group Techstars announced changes to its operations. But what was planned internally to be an exciting new chapter for the organization ended up being somewhat of a PR nightmare.
Techstars found itself facing criticism for some of its decisions and execution after announcing it would shut down its Boulder and Seattle accelerators after recently shuttering its Austin-based program, which TechCrunch was first to report in December.
For example, Zillow co-founder Spencer Rascoff said on X…