No, they both came up through the Boulder branch.

http://www.techstars.com/program/locations/boulder/#3

I think the point being made is that you can't 1:1 compare TechStars locations.

A true measure of comparison would be to see the performance of companies that participated in TechStars Chicago, and not just TechStars as a whole.

Sure you can.

Your access to the TS network is the same regardless of your location and that's the important part.

You're saying that if I join TS Chicago, I'll have access to the same "mentor meetings" as someone in TS Austin or TS Seattle would? That the same people will come speak to my Chicago cohort as would Austin? That TS will round up comparable groups of investors?

Accessing the network is just one aspect of being in TechStars.

The mentor selection, who attends demo day, who holds office hours, all differ by location.