Annually, Techstars Music cuts $120,000 checks to 10 different music startups. Chosen companies are put through a three-month accelerator program to grow. After 10 years of doing so, program director Bob Moczydlowsky (Bob Moz) can’t help but be surprised. The companies that grew the most were the ones they expected to succeed the least and vice-versa. Bob explains which investment categories have failed to live up to their expectations (so far).

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