The Real TechStars of New York

The One TechStars NYC Startup That Won’t Be Pitching At Demo Day Tomorrow

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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. Read More

The Real TechStars of New York

Meet Your Spring 2012 TechStars NYC Class: ‘They All Take Big Swings’

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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.” Read More