Gavet announced on LinkedIn that she will leave the tech accelerator organization at the end of the month due to health reasons. Techstars co-founder and board chair David Cohen has returned as CEO. (The Logic)

Talking point: Gavet became chief executive of the startup accelerator in 2021, beginning a tenure marked by controversy. Staff, colleagues and founders have accused her of creating a hostile work environment that triggered high turnover among employees and clients, according to a TechCrunch report. The company—which claims to be the world’s most active pre-seed investor, having backed more than 4,000 startups—has reportedly struggled to balance growth and profit. Under Gavet’s leadership, Techstars has ended accelerator programs in Toronto, Seattle, Austin and Boulder, Colo., as well as in Norway and Sweden. “I would not exchange the last 3.5 years of hard work for the world,” Gavet said in her LinkedIn post. “I will be rooting for all of you from the sidelines and will remain a supporter of Techstars.”