Friday, February 20, 2009

Hello TechStars, Goodbye YCombinator

YCombinator has pulled up its tent and moved permanently to the West Coast. Clearly our style of entreprneurship did not fit what they were trying to do. I would agree; what they are doing is largely Web 2.0, which is a West Coast business. I would advise most web-based startups to move West too. The entire ecosystem is in the valley.

Techstars is moving into Boston. This is a Boulder, Co based firm that operates like YCombinator. It is smaller, accepting 20 companies a year of which 10 will be in Boston. The company will give $18K in seed funding to web-based and software companies. Sorry - biotech and medtech entrepreneurs. TechStars prefers companies that have more than one founder.

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