Hangout On Air With Me and David Cohen on Wed 11/13/13

David Cohen (Techstars Founder) and I are doing a Google Hangout On Air that is open to anyone on 11/13/13 (what a prime day for something like this). It’s part of a Google Enterprise series on Colorado pioneers driving the local economy and culture. We’ll be talking about Techstars, Colorado, tech, and anything else that comes up.

This came out of a series of interviews with Google recently where we explained why Foundry Group takes venture capital to the cloud with Google Apps and how Techstars assists tomorrow’s entrepreneurs with help from Google Apps.

Come join us! Register here if you want to hangout.

  • http://www.cornfedsystems.com/ Frank W. Miller

    I absolutely luv Valleywag. I’d be interested in your thoughts on this: http://valleywag.gawker.com/techstars-ny-is-losing-its-ability-to-command-respect-1462317676/@nitasha particularly what they refer to as the “accelerator bubble.”

    • http://www.feld.com bfeld

      I find Valleywag amusing.

      • http://www.cornfedsystems.com/ Frank W. Miller

        Maybe I like them because they have the same irreverent attitude towards all this that I feel. ;) As with most humor tho, their sarcastic brand does contain elements of truth and that’s what I was hoping you would comment on. For example, if you look at the full stats (http://www.techstars.com/companies/stats/) its pretty hard to not notice that the amount of investment going into these companies has dropped off dramatically. There were a couple of classes that raised nearly $50M 5 years ago. The last London class appears to have raised less than $1M, the last Boulder class (the last reported Boulder class was last Summer since there has been conspicuously no reporting on the Summer 13 Boulder class as yet) raised only $15M and nearly half of that went into Pivotdesk. Is it as one of the article commentators asserted that these accelerators “churn out heaps of dogshit,” as in maybe there just aren’t that many good startup ideas and/or teams around to invest in, especially after all these accelerators have been farming them aggressively now for the last 5 years. Or maybe its the argument that I made awhile back on your blog about how expensive the money is that accelerator companies are taking and that any sensible entrepreneur with a real money making idea is unlikely to start their business with such a boat anchor around their ankle?

        • http://www.feld.com bfeld

          Elapsed time matters. The financing is cumulative by class, so you should see a class from 5 years ago have raised “cumulatively” more than one that just finished up a few months ago.

          • http://www.cornfedsystems.com/ Frank W. Miller

            Oh, interesting. I wasn’t aware of that. So what you’re saying is that the totals are not all money that was raised during the Techstars time. They include funding that the companies have taken since they left the program (and before too I suppose). Hmm. Maybe I just missed that on the website but that’s not the impression that I was left with with those totals. I wonder if I’m the only one with that misimpression? I think it took guts to put up the numbers in the first place and I know this probably won’t happen but it would be interesting to see the numbers for money they took only during their accelerator time. Since the stats are on the accelerator website, its seems reasonable to ask how much money the accelerator was able to assist the companies in raising as a result of being in the program. I suppose you could make some kind of argument that these companies went onto raise more money because of their experience but I for one would be interested in how much the companies raised directly during their time in the accelerator only.

          • http://www.feld.com bfeld

            The amount they raise in the accelerator is irrelevant. It’s not an important measurement.

          • http://www.cornfedsystems.com/ Frank W. Miller

            Why? I’ve always been under the impression that the main point of going into the accelerator was to put something together that peaks the interest of the potential investors that are bouncing around “mentoring” them?

          • http://www.feld.com bfeld

            Your perception of the value of an accelerator – especially a mentor driven one like Techstars – is far too narrow.

  • http://simplifilm.com/ Chris Johnson

    Prime day.