3 ms·
I've said that town's reputation is a sham for years. The reason it's hard to get funding is because there's never really been a large VC there except for Aust
by snapetom 11y ago
I've said that town's reputation is a sham for years.
The reason it's hard to get funding is because there's never really been a large VC there except for Austin Ventures, who 1) everyone saw as a Faustian bargain 2) has been hammered by investors for the past 3-4 years 3) is now broken up.
To make matters worse, there aren't any large enterprise customers. There's two Fortune 500 companies - Dell and Whole Foods, and the later is not a tech company. Sure, Apple, Google, Samsung, etc. all have presences there, but decision making is still in San Jose and New York.