The Denver Post’s Andy Vuong highlights the four Denver-based companies that will be involved in TechStars Boulder this summer. Elihuu being one of them:
“[Designers have] tested the market, they’ve figured out price points, they’ve figured out materials, they’ve figured out processes — and they need to get this thing manufactured,” said co-founder Dorian Ferlauto. “They come to us and we find them the best matches.”
Its great that the multiple TechStars locations (Boulder, NYC, Seattle, Boston, etc.) has allowed for these locales to help ‘bring up’ local companies instead of ‘ship in’ entrepreneurs from around the country (sure, that still does happen).
But, this also means there’s more tendency for those folks who started a company locally to maintain and grown their network, continue to stay in town where their mentors and funders reside, grow a startup ecosystem, find more resources, stick around, and turn around and mentor the future incomers. I may be overstating, but in the early days, most successful TechStars companies simply moved to California shortly after getting investments after demo day…