Techstars appoints Maëlle Gavet as CEO and announces David Cohen as Chairman of the Board of Directors

– USA, CO –  Techstars, the worldwide network that helps entrepreneurs succeed, today announced the appointment of Maëlle Gavet as CEO, effective January 11, 2021 succeeding co-founder David Brown who will continue to serve on the board.

Techstars also announced David Cohen, co-founder, will assume the new role of Chairman of the Board of Directors.

“Our mission is to support entrepreneurs everywhere because we believe they hold the solutions to the world’s greatest challenges,” said co-founder and Board chairman, DavidCohen. “It’s our job to continue supporting them with mentorship and access to capital as they scale, and even more so as we do. Techstars’ success is attracting more and more interest from founders and investors, and we’re on a strong growth trajectory. We decided to bring in Maëlle Gavet, an experienced operator who has overseen growth of more than 10x our scale, to lead us through this next phase of our journey.”

“Entrepreneurs change the world and at this moment in time in particular, we need them more than ever,” said incoming CEO, Maëlle Gavet. “Unfortunately, a lack of access to capital and effective networks is blocking so much potential. I’ve learned this first-hand, as an entrepreneur and as an investor. The success of the Techstars accelerator model and the velocity of its investing create so much potential to help even more entrepreneurs, explore new approaches to Venture Capitalism and help the tech industry become more human-centered and more diverse. I am honored and excited to join such a strong, mission-driven company that I know can transform the impact that tech has on the world, one entrepreneur at a time.”

About Maëlle Gavet

Author of Trampled by Unicorns: Big Tech’s Empathy Problem and How to Fix It, Maëlle Gavet has been a leading technology executive and entrepreneur for more than 15 years. She began her career as an entrepreneur and later became a Principal at the Boston Consulting Group and then went on to become CEO of OZON.ru, Russia’s largest e-commerce site which recently went public on NASDAQ and is valued at over $9B, and EVP of Operations of the Priceline Group, the largest online hospitality and travel agency in the world which includes brands like OpenTable, Kayak, and Booking.com. Most recently Gavet was Chief Operating Officer at real estate platform Compass, valued at over $6B.

About Techstars

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,300 companies that today have a combined market cap valuation of more than $185B.

For more, visit www.techstars.com

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