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Bloomberg did something like this with TechStars: http://www.bloomberg.com/tv/shows/techstars/

There was an interesting post from one of the founders after the series began: http://melanie.io/2011/09/30/techstars-lies-videotape/

Well, this looks a lot better than the other show. Thanks for sharing!

From the couple of eps I watched it still is a little reality tv style. But compared to this show it is great.