Techstars doles out tough love for Cleveland’s startup community

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

Contrary to popular belief, Northeast Ohio doesn’t really need more venture capital to take its startup scene to the next level — at least not according to Chris Heivly of Techstars, which runs business accelerators all over the world.

What it really needs, in his view, is a cultural shift: People in the local business community need to do whatever they can to help entrepreneurs succeed — even if they might not benefit from it.

“The new rule is, we’re ‘give first,’ and that’s all there is to it,” he said.

Techstars has been analyzing Northeast Ohio’s startup scene and working on a plan to improve it — a plan paid for by a group of local entrepreneurs who so far have raised about $40,000 in online donations.

Heivly laid out that plan in detail at the City Club of Cleveland on Tuesday, March 13.

Click here to read the complete article.

Originally published March 14, 2018.

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