The Real TechStars of New York

How to Ruin Your Wildly Successful TechStars Demo: Fudge Facts on Stage

Mr. Gaal

You know what they say about karma, so don’t make us repeat it. It looks like good intentions backfired with Karma, a 4G hotspot provider initially founded in Amsterdam that presented this morning at TechStars Demo Day.

In press materials for the spring class, Karma’s one-line descriptor was: “Simple, honest 4G provider,” a sentiment repeated throughout its introductory blog post. But shortly after Demo Day ended, Travis Kalanick, the CEO of request-a-ride car app Uber, tweeted that Karma’s CEO Robert Gaal had not been honest in mentioning a partnership with Uber during the company’s pitch in front of crowd of more than 700 at Webster Hall. Read More