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A favorite among entrepreneurs and tech scene advocates, Mike Krenn chosen to lead as CEO Two of San Diego’s oldest startup groups — Connect and the San Diego Venture Group — are merging into one entity, creating what could be a powerhouse of influence with more money, more connections, and ultimately more support for the startup scene.

The two nonprofits, both founded in the 1980s, have put Mike Krenn, the former president of San Diego Venture Group, at the helm as CEO. The combined entity will be a startup accelerator on steroids, helping to train, fund and fuel new tech and life science companies in San Diego.

Image: Mike Krenn, who will be the CEO of the newly merged San Diego Venture Group and Connect, at the new offices last week in San Diego.(Eduardo Contreras/The San Diego Union-Tribune)