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Booting Up: TechStars Now Has an Outpost in Chicago, Too

(Photo: Flickr.com/jeffgun)

Just a day after naming Eugene Chung the successor to David Tisch as New York managing director, TechStars has announced it will buddy up with Excelerate Labs to establish a Chicago foothold. [TechStars]

How safe is Kim Dotcom’s new Internet lockbox, Mega? Good question. [The Verge]

Apple TV will reportedly get HBO Go later this year. [Bloomberg]

In addition to attacks on the New York Times, the Wall Street Journal was also infiltrated by Chinese hackers, and they tried to get into Bloomberg News. At this point, we’re starting to feel left out. [Wall Street Journal]

Hacking attacks by the Chinese have, in fact, become such an issue that President Obama is reportedly considering “a range of actions” to deal with the problem. [AP]

The Real TechStars of New York

TechStars NYC Poaches Eugene Chung, a VC at NEA, to Replace David Tisch

Mr. Chung. (Photo: TechStars)

In December, after reports about an impending downturn in the accelerator boom, some local investors expressed concerns about the future of TechStars New York. Would the next Demo Day be the same parade of oversubscribed startups when much-hyped graduates were still stuck in beta? Were the lessons learned in TechStars enough to prepare companies for life outside the bubble?

David Tisch’s departure as managing director added to that uncertainty. But TechStars CEO and founder David Cohen dismissed those worries, pointing to “heavy inbound interest” in the role. Today, he announced his new hire from the 35 candidates interviewed: Eugene Chung, a former venture capitalist with New Enterprise Associates.  Read More