Some of you reached out to us for our opinion on Techstars acquiring UP Global. We believe that it makes perfect sense for Techstars, and that it might make sense for UP Global. We really don't know how well UP Global was doing, and if it could use the help Techstars can offer, it probably is a smart move.
Questions going through our heads at the Startup Foundation are:
- Could UP Global not stay independent?
- How can we make sure we ourselves stay independent?
The Startup Foundation has never relied on grants or sponsors to date. We do have the occasional sponsors, but none that depict our course. So we might have already learned how to stay truly independent, which does mean we need to earn money in order to grow. People have asked us why we charge for #startup, and have often expressed they didn't understand why SF Experience was more expensive to take part in compared to Startup Weekend. It's not a case of us wanting to fill our pockets, but because we want to do more to grow our impact, and to stay independent.
We trust that Techstars will continue to rock, especially now they have acquired some of the world's best programs to get people all the way from wanterpreneur to a succesful one. We see this as a chance to step up to become the most impactful and independent non-profit in support of founders and their startups, globally.
More info can be found on this community page of
UP Global Techstars.
I hope you enjoyed this weeks Curated, and trust you'll help us to grow into this new opportunity.
Chairman, Startup Foundation