Techstars Seattle's demise leaves a gap in startup market

Techstars Seattle helped launch more than 160 startups over the past decade, partnered with the likes of Microsoft and Amazon to spark even more startups, and led to the creation of three companies currently valued at more than $1 billion — making it one of the most successful programs in the Techstars network. 

Founded in 2006 in Boulder, Colo., Techstars provides fledgling startups with early capital, coaching, mentorship, a chance to pitch to investors, and an opportunity to work for three months in a shared space with other entrepreneurs.

Techstars expanded to Seattle in 2010, and for more than a decade, it worked. And then, this week, it ended. TechStars announced that it's closing its Seattle accelerator as part of a broader restructuring.

So what happened? And what's next? GeekWire managing editor Taylor Soper joins the show this week to address those questions.

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