Less than two months from launching its New York program, TechStars co-founder David Cohen is already anticipating a critical mass being achieved in the startup-mentoring space within the next five years.
Cohen said that when he and two friends first launched TechStars in Boulder, Colorado four years ago there were just a handful of these accelerator programs. Now he said there are upwards of 60 across the country and he expects that to triple before the bubble bursts.
“There will be a run up to a couple hundred and then we’ll probably see a run down to 10 would be my guess over the next five years,” said Cohen, who has expanded TechStars to Boston and Seattle in recent years and has invested in more than 70 startups since launching the program. “There will certainly be a little mini accelerator bubble.”
To read the full, original article click on this link: TechStars’ founder predicts accelerator implosion | Analysis & Opinion |
