The Real TechStars of New York
Real TechStars of New York
My, how quickly they grow. It seems like just yesterday Betabeat was following TechStars managing director David Tisch around Union Square for a profile of the new crown prince of the tech scene. But in an unexpected August surprise, Mr. Tisch just announced on his blog that he would be stepping back from his day-to-day duties at the startup accelerator.
“The program was at a point of stability. I was incredibly proud of what we built over two years: three programs, 36 companies,” Mr. Tisch, who also invests personally through Box Group, told Betabeat by phone. “We were in between a big lull in the program, so it felt like the right time.”
Mr. Tisch’s new title will be cofounder of TechStars New York. “I’m still going to be involved and help with all the other stuff. It’s just not day-to-day anymore. I’m going to mentor, I’m an investor in the program. I’ll help with the selection committee and stuff like that and we’ll figure out where it goes.”
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:
Look At Me Now
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.
The Real TechStars of New York
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.”
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.
the startup rundown
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.”
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.