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Summary:

Eugene Chung, a former venture capitalist with New Enterprise Associates, is the new managing director of TechStars NYC. In a blog post Thursday, TechStars founder and CEO David Cohen said Chung had been selected to replace David Tisch, who stepped down last August.

Eugene Chung

New York entrepreneurs, here’s a name you’re going to want to remember. On Thursday, startup accelerator TechStars announced that it had tapped Eugene Chung, a former venture capitalist with New Enterprise Associates, to lead its New York City program. He will replace David Tisch, the former managing director who helped build the New York program and stepped down last August.

“We interviewed thirty-five highly qualified candidates for this position and Eugene received our only offer. We are ecstatic that he accepted,” TechStars founder and CEO David Cohen said in a blog post.

Chung is already familiar with the New York startup scene, having helped manage NEA investments in companies like Buzzfeed and Bedrocket. He’s also served as a TechStars NYC mentor, working with companies like Poptip, Condition One, Wander and Pickie.

Interestingly, he seems to have a pretty varied professional background. Before becoming a venture capitalist, he was at Pixar Animation Studios, where he worked on hits like The Incredibles and Up. He’s also an indie film director and worked in the rural Philippines with global micro finance accelerator. Earlier in his career, he was an energy investor at Warburg Pincus and an investment banker at Morgan Stanley.

Since November, Nicole Glaros, the longtime managing director of TechStars’ Boulder, has been serving as the interim leader and she will continue to serve as co-managing director and work with Chung in New York through the next class, Cohen said.

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  1. Seattle Startup Thursday, January 31, 2013

    We are in an Incubator Bubble. It’s getting ridiculous out there.

    1. I agree in general though I think TechStars (at least the NY and Boulder versions) is among the few (the other one being Y Combinator) that seem to have a high enough quality bar to be useful. Most will go away but my gut says this one still has legs.

  2. Wasn’t he at Pixar just for a summer internship? Doubt he would have done much work on The Incredibles or Up…

    And I wouldn’t call being an investment banker at Morgan Stanley or energy investor at Warburg a “varied professional background”…

  3. He was at Pixar for a summer internship in 2010. Up was released in 2009 and the Incredibles in 2004. Should probs do an employment check before hiring someone, Techstars. Then again, maybe this highlights the kind of shameless self promotion needed to make it as a finance DB in tech.

    1. He worked on Toy Story 3 for a fact. I think working on large movies with Pixar and on his own independent films mixed with investment banking is pretty varied.

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