TechStars Music, a prominent startup accelerator program, has ceased operations, with Managing Director Bob Moczydlowsky confirming the closure due to an outdated business model.

The accelerator's limitations became apparent in two key areas:

• Restricted capital availability for startups
• Narrow focus on music-specific technology

Moczydlowsky explained that the "music" label restricted their ability to invest in broader entertainment solutions, often attracting narrowly-focused music tech startups instead of companies solving larger entertainment industry problems.

The final class of startups funded by TechStars Music in April 2022 included:

• Beatmatch
• Circle Labs
• Clever.fm
• Green Room
• KEIphone
• Music Games Company
• Musicasa
• Brij
• Radia
• Solace Vision

The program's structure involved:

1. Open application process
2. Multiple rounds of interviews
3. Selection of 25-30 companies for final screening
4. Final selection of 10 companies for funding
5. 13-week mentorship from 300+ industry professionals
6. Culminating in an invite-only Venture Summit

Moving forward, the organization plans to shift focus toward funding the future of entertainment, self-expression, and live events, moving beyond traditional music technology investments.

Related Articles

Previous Articles