Real TechStars of New York
David Tisch has just announced that he is stepping down from his position as managing director of TechStars NYC. Word came via his blog, where Mr. Tisch offered little in the way of explanation, other than to say that “the time has come for me to move on to the next challenge and take a step back from my day-to-day role.”
However, he’s not departing the program entirely:
New York is teeming with startups aggressively elbowing for their moment in the spotlight, but sometimes obnoxious levels of networking and gimmicky marketing can only get you so far. Enter Speed Dating for Startups, a new contest born of a Thrillist/Samsung collab that gives wantrepreneurs a chance to strut their stuff on video for the chance to win a prize package.
From July 23 to September 30, users can submit a 30-second video explaining their startup: think of it like a filmed elevator pitch performed on a very, very slow elevator. The top three winners will get face time with some of New York’s most beloved techies, including TechStars cofounder David Tisch and Thrillist’s own Ben Lerer.
Look At Me Now
We feel a little guilty. We’ve been fickle and easily distracted. Last year, the first two TechStars NYC classes were all we could talk about. But when their programs ended, we kind of forgot about them and directed our attention to the newest TechStars NYC class. Shame on us!
But back in the day, those first 23 companies were all the rage. Like shiny new toys, they were exciting and fascinating. There was even a reality television show about them. So even though their three-month, highly-competitive startup accelerator program has ended, these companies are still around. They didn’t just vanish into thin air. (Well, some of them did).
But all of this begs the question, where are these companies now? How have they fared in the big, bad world? Did they flop? Or surpass expectations?
We didn’t know, so we decided to find out. And it turns out that we weren’t the only ones who were curious about what these companies have been up to.
The Real TechStars of New York
After three long months of toiling away at 36 Cooper Square, TechStars NYC’s spring 2012 class is finally ready to say, “Hello, world.” Or rather, “Show me the money.” This morning, 13 startups will present their exhaustively-rehearsed pitches to a crowd of more than 700 for the program’s third Demo Day. (Check out our live-blog from Webster Hall.)
Back in March, managing director David Tisch promised us his most visionary class yet. “They all take big swings,” he told Betabeat. “I think the ideas are all going for something big. I don’t think there are lot of safe bets or small bets.”
The Real TechStars of New York
In March, TechStars NYC announced that it had selected 14 startups from an applicant pool of more than 1,600 for the chance at 13-weeks of mentorship and $100,000. But only 13 companies will be presenting at tomorrow’s Demo Day at Webster Hall. Betabeat has learned that StockTouch, which described itself as “revolutionizing finance with mobile data visualization,” did not participate in the program.
Managing director David Tisch would only say that the decision was mutual. We have reached out to StockTouch for comment and will update the post when we hear back. StockTouch CEO Jennifer Johnson was one of five female CEOs (and six female cofounders) accepted into the spring 2012 class.
After years of bootstrapping, online portfolio platform Behance is taking on outside funding to the tune of $6.5 million, TechCrunch says. Union Square Ventures led the round, and the list of additional investors is something of a who’s who. Says a note on the company’s blog:
Ben Huh, the genius behind Icanhascheezburger who has delivered cute and crazy cat pictures to the masses for years, is working on a new startup called Circa that wants to “reimagine the way you consume news.” Today, TechCrunch reports that Circa has raised $750,000 from a slew of A-list investors, including a few notable New York techies.
Slouched comfortably in his chair, holding forth on the prospects of a would-be Groupon, TechStars’ David Tisch expressed doubts about the name of the very event where he was, at that moment, speaking. “The word ‘daily deal’ is, like, staring me in the face, and I’m scared of it.”
“It’s poison, I think, to a large audience outside of probably this room.”
the startup rundown
2×2^2. April 16 is officially 4sqDay in New York and over a dozen other cities around the country. The fan-created social media holiday’s official celebration will begin at 7 p.m. at The Caulfield. Check out the community blog and RSVP here.
CAPITAL IDEA. General Assembly is bringing back “Assembled Capital,” an all day event dedicated to getting startups funded. The $200 (plus a $4.97 fee) to get in is a bit steep, but breakfast, lunch and booze are totally included! The event will include talks, panels and plenty of elbow-rubbing time with the like of Squarespace’s Anthony Casalena, TechStars NYC’s David Tisch, Charlie O’Donnell of Brooklyn Bridge Ventures, Shane Snow of Contently and many others.
AIRbnFREE. Airbnb is teaming up with Thrillist and sponsoring Tour de Thrillist, a bicoastal race to discover all that LA, Vegas, Austin, Philly and of course NYC have to offer. Up for grabs is a five-destination trip and free Airbnb accommodations. Cross your fingers and enter the sweepstakes here.
The Real TechStars of New York
It’s that time again, boys and girls. TechStars NYC managing director David Tisch just announced the 14 companies who got the golden ticket to the accelerator and seed fund’s Spring class. Unlike the previous two programs, which operated out of Pivotal Labs, this class will call 36 Cooper Square home. (TechStars recently moved in to Foursquare’s old office in the Village Voice building.) “They’ll be able to sleep there easier,” Mr. Tisch quipped to Betabeat over the phone.
Last year, TechStars NYC funded 23 companies, 21 of which went on to raise $50 million after they graduated. According to Mr. Tisch, you can expect even bigger things from this class. The common element among all 14 newbies? “They all take big swings,” he said. “I think the ideas are all going for something big. I don’t think there are lot of safe bets or small bets.”