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Read the exclusive report on how we discovered that JP Morgan is so frustrated with Techstars that they may abandon the project entirely, despite giving the startup accelerator $80 million to steer toward underrepresented founders: https://t.co/hXuSlY5kSs https://t.co/pSC3rIvbz4
Techstars’ $80 million partnership with J.P. Morgan is on the rocks, employees say: https://t.co/o2eQypaJwA by TechCrunch #infosec #cybersecurity #technology #news
Exclusive: JP Morgan invested $80M in Techstars to help underrepresented founders. But since funding started being distributed in 2022, frustrations over conflicting definitions of diversity have put that partnership at risk, @dominicmadori reports. https://t.co/hXuSlY5kSs
J.P. Morgan's $80 million partnership with Techstars, aimed at supporting underrepresented founders, is facing challenges due to conflicting definitions of diversity. The investment, intended to help non-white male founders, has led to frustrations and risks of abandonment by J.P. Morgan.