Overview

• Techstars announces operational changes, including the closure of its Seattle and Boulder accelerators, amid criticism from former staffers.
• Former managing directors criticize the shift from local to centralized fundraising, claiming it diminishes local engagement and affects program quality.
• Techstars CEO Maëlle Gavet defends the changes, highlighting the focus on corporate partnerships and the organization's future growth.
• Seattle tech leaders express concern over the loss of Techstars Seattle but remain optimistic about the city's startup ecosystem.
• Techstars plans to concentrate on cities with higher venture capital activity, moving away from its traditional local-focused model.