It's nice that the startup founders are defending Techstars, but as a potential applicant, this whole thing does raise red flags for me.
Doing a startup is hard enough with your personal emotional ups and downs. To add a reality tv show to that just seems like the worst idea ever. Maybe it's good for media startups to get as much press as possible, good or bad. But this blog post seems to suggest otherwise.
If the people running Techstars really got fooled by Bloomberg, then how can I trust these people about giving good startup advice?
The title of this blog post doesn't help. Why isn't it Bloomberg, lies and videotape?