TechStars NY Fires Their Managing Director Right Before Demo Day

Nitasha Tiku · 06/12/13 09:31AM

It sounds like the accelerator bubble is constricting right on schedule. According to an email obtained by Valleywag, Eugene Chung, who was hired to replace David Tisch as managing director of TechStars New York in January, has been fired. The departure comes two weeks before the accelerator's upcoming Demo Day, which in years past has been an orgy of oversubscribed startups and was the subject of a reality series on Bloomberg TV.