{"id":184869,"date":"2024-03-10T16:28:45","date_gmt":"2024-03-10T21:28:45","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/03\/exclusive-techstars-80-million-partnership-with-j-p-morgan-is-on-the-rocks-employees-say"},"modified":"2024-03-10T16:28:45","modified_gmt":"2024-03-10T21:28:45","slug":"exclusive-techstars-80-million-partnership-with-j-p-morgan-is-on-the-rocks-employees-say","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/03\/exclusive-techstars-80-million-partnership-with-j-p-morgan-is-on-the-rocks-employees-say","title":{"rendered":"Exclusive: Techstars\u2019 $80 million partnership with J.P. Morgan is on the rocks, employees say"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/exclusive-techstars-80-million-partnership-with-j-p-morgan-is-on-the-rocks-employees-say2.jpg\"><\/a><\/p>\n<p>Techstars has currently invested about two-thirds of the fund, Gavet <a href=\"https:\/\/techcrunch.com\/2024\/02\/23\/techstars-ceo-defends-changes-says-physical-presence-in-a-city-is-not-necessary-for-investment\/\">recently told TechCrunch<\/a>, adding that the bank is \u201can amazing partner\u201d and \u201cvery active in our program.\u201d<\/p>\n<p>However, J.P. Morgan has yet to tell Techstars whether it will renew the partnership for an Advancing Cities 2 Fund once the initial contract expires in December, sources say. That decision was supposed to be handed down last summer so that Techstars could start fundraising and begin deploying capital in 2025.<\/p>\n<p>This means the fate of the Advancing Cities programs \u2014 and some of the around 20 people who work at Techstars in this program \u2014 is up in the air.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Techstars has currently invested about two-thirds of the fund, Gavet recently told TechCrunch, adding that the bank is \u201can amazing partner\u201d and \u201cvery active in our program.\u201d However, J.P. Morgan has yet to tell Techstars whether it will renew the partnership for an Advancing Cities 2 Fund once the initial contract expires in December, sources [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-184869","post","type-post","status-publish","format-standard","hentry","category-futurism"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/184869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=184869"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/184869\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=184869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=184869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=184869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}