Techstars Rethinks Strategy, Faces Criticism Over Program Closures

The accelerator's shift from local to centralized operations sparks debate among former staff and tech communities.

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.