Eugene Chung – New TechStars NY Managing Director
Thirty-five great candidates were interviewed for this position; the only offer we extended was to Eugene. His background includes NY-area investments BuzzFeed and Bedrocket while he was at New Enterprise Associates. Prior to that, he worked at Warbug Pincus and Morgan Stanley. We were looking for deep competence and culture fit with TechStars and we found it with Eugene.
It’s been amazing to me to see TechStars NY grow since David Cohen and David Tisch launched it in the Winter of 2011. Tisch provided amazing leadership over the three programs, helping launch 36 new companies, of which 1 has been acquired, 2 have failed, and 33 have gone on to raise around $50m and employ over 200 people. The NY startup community has been awesome with engagement from over 75 mentors. And as the NY entrepreneurship scene has exploded during this time, it’s been fun to be part of it with both TechStars and our investments in companies such as MakerBot, Medialets, AdMeld (now Google), CrowdTap, Organic Motion, Jirafe, Next Big Sound (which was part of TechStars Boulder Summer 2009) and SideTour (which was part of the second TechStars Summer 2011 program).
Nicole Glaros is serving as Interim MD and will be based with Eugene in NYC during this year’s program. David Cohen will be present as well, helping get Eugene up to speed. I”m also going to be spending a week at TechStars NY during the program from April 15 to April 19.
Eugene – welcome to TechStars. I’m psyched to have you as part of the team!