Andy Sack on Give First and Creating a Startup Ecosystem from Scratch
Andy Sack has been a technology entrepreneur, angel investor and venture capitalist for 25 years — and is one of the godfathers of the Seattle startup community. He was managing director for Techstars Seattle, founder and executive chairman for Lighter Capital, and cofounder of seed stage fund Founder's Co-op. He participated in the first Techstars Boston Startup Weekend and was so moved by the experience that he decided to run a Techstars Startup Weekend in Seattle.
As Andy says, “(I gave) a talk to the Techstars Boston class and it was supposed to be one hour. Three hours later after talking and answering questions, I left the building, and I was moved to tears.”
He rallied the venture capital community in Seattle to support entrepreneurs through Techstars, creating a vibrant startup ecosystem that didn't previously exist. Three different unicorn startups (valued over a billion dollars) came out of Andy's 2011 Class of Techstars Seattle.
Follow Andy on Twitter: @AndySack
Learn more about his favorite charitable organizations:
Two Screens for Teachers - Gives teachers a second computer screen so they can see their students while teaching remotely.
Rainier Scholars - Creates pathways to college graduation for hard-working, low-income students and provides access to transformative educational opportunities.
REST - Helps women on the street get out of troubled situations and abusive relationships and gives them a place to live.
Techstars personnel and/or guests who speak in this podcast express their own opinions, and not the opinion of either Techstars or any company discussed in this podcast. This podcast is for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities are for illustrative and/or informational purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investor or prospective investor, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by Techstars. Certain of Techstars funds own (or may own in the future) securities in some of the companies discussed in this podcast.