By guest authors Irina Patterson and Candice Arnold Ken: Through our center, Chris Moultrup directs a program we call 1,000 Angels, which is a statewide initiative to expand angel investing in the state, whether it’s done by individuals on their own or working with universities in setting up alumni networks. We know that we need
By guest authors Irina Patterson and Candice Arnold Irina: What about those entrepreneurs who are completely not ready for your accelerator? David: Yes. My guess is that’s somewhere around two thirds. A third of them might get into a program like this somewhere around the world at some point, or they might go on to
By guest authors Irina Patterson and Candice Arnold I am talking to Ken Kousky, CEO of MidMichigan Innovation Center, which is a privately funded, nonprofit organization working to help entrepreneurs grow their businesses in central Michigan. MMIC operates a 112,000 square foot business incubator with significant support from The Dow Chemical Company. The center operates
By guest authors Irina Patterson and Candice Arnold Irina: Do you have any special initiatives at the moment? David: We just launched the TechStars network, which is based on massive inbound demand for programs around the world that wanted to use this deep mentorship and community model. We essentially just open-sourced TechStars, and we call
By guest authors Irina Patterson and Candice Arnold David: TechStars has a long-term view – a 20-year view. It’s not just about what these [entrepreneurs] do in their first companies. It’s about what the founders do after that. Rob Johnson [of EventVue] is now in a high-level position at Gnip, a company in Boulder that’s doing
By guest authors Irina Patterson and Candice Arnold David: One of the things that is I think unique about TechStars is our incentive structure. We are like a co-founder. So, the pitch to the entrepreneur is, If you could have a co-founder for 6 percent of your common stock who had this sort of network
By guest author Irina Patterson and Mridula Velagapudi Irina: What are your relationships with mentors? Do they get any stake in those companies or do they just want to help? Paul: They just want to help. One, it is exciting for them. Two, it gives them lots of visibility and, yes, it is really useful
By guest author Irina Patterson and Mridula Velagapudi Irina: What are the core benefits to entrepreneurs that you bring to the table? Paul: My three partners have all started businesses that you know, and in total there are hundreds of millions of users. We started companies that did quite well, and [with i/o Ventures], we