For the past 48 hours, I’ve been fielding texts, calls, emails, and mentions, non-stop, due to the post from Techstars about Techstars 2.0, the closing of the Boulder accelerator program and others in key cities, and the shifting of the HQ to NYC from Boulder.
Techstars has been slowly changing and adapting over the years, and yes of course some of that makes me sad. Many of the best moments of my career and life were in the magical early years there. Techstars has been such a gift, not just to me, but to all the early communities.
We all bonded not just over the mission of the company, but over its values. We lived, ate, and breathed the values of the company – and what made Techstars so remarkable was we believed we could not only create shareholder value, but instill VALUES alongside it. Everyone close to the company, alumni and employees alike, they still carry those values and work to uphold them personally. And it’s why I believe the reaction to the news has been so strong!
But Techstars needs to evolve, it needs to iterate, it needs to reinvent itself because what works on a local community level is very difficult, dare I say impossible, to pull off on a global scale. The values haven’t changed, but how they execute them has to.
I say this as I think about my daughter who is turning 14 shortly, and is one of the reasons I left Techstars back in 2022; I wanted to spend more time with her before she leaves for college. When she leaves, I will be indescribably sad, unbelievably nostalgic, but also incredibly proud of her as I watch her reinvent herself, as I watch her evolve and grow. She’s going to leave ‘home’ in search of her next chapter, but her roots will always remain here in Boulder, here with me. And when she leaves, it’s then time for me and my husband to reinvent ourselves too. For everything, there is a season.
So go Techstars, go reinvent yourself, go create the 2.0 version that kicks the 1.0 version’s ass. Thank you for all you’ve given us, for showing us what’s possible, and for paving the way. Please keep spreading those values far and wide, and remember always where you came from.
And for all the communities that feel vacant now – it’s a chance for us to reinvent ourselves too. We can reignite that entrepreneurial spirit that’s true to our communities and not in service of anything else. We’re already working on it in Boulder.