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Techstars Alumni: Detroit is Built for Entrepreneurs

Detroit is the place to be for aspiring entrepreneurs. That was the message a panel of three Techstars alumni emphasized during a candid discussion about their experience participating in the three-month startup accelerator program. The panel was part of a week of programming at the North American International Auto Show’s new Automobili-D exhibit.

“The media doesn’t do a good job telling Detroit’s story. I fell in love with the city immediately and I know others did, too,” said Rohith Varanasi, co-founder of the cell phone startup, Lunar.

Varanasi was joined on stage by Chris Bailey, CEO and co-founder of Revio; and Greta Cutulenco, CEO and co-founder of Acerta. All three alumni credited their experience with Techstars with invaluable connections to investors, industry mentors and training.

“Learning how to interact with investors and walking us through step-by-step on how to grow our business was very helpful,” Bailey said.

Revio offers cutting-edge safety and security products for the power sports industry, while Acerta focuses on machine-assisted anomaly detection and root cause analysis.

When asked by an audience member whether the startups have become profitable since exiting the Techstars program, all three alumni expressed affirmation for the coming year.

“We’re still growing,” Cutulenco said. “We wouldn’t be where we are without Techstars helping us make connections.”

For more information on Techstars, visit www.techstars.com.