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The single biggest problem with Austin is the VC situation. AV became a "growth" fund, and nothing has really replaced it. When Seattle has a better VC communi
by rdl 10y ago
The single biggest problem with Austin is the VC situation. AV became a "growth" fund, and nothing has really replaced it.
When Seattle has a better VC community than your city does, it is a problem. Without VC, Austin remains a great place for the engineering offices of tech companies from elsewhere, but until there are more angels and VCs in Austin, probably not the best place to start a company.
- projectramo 10y agoYou're saying they need truly early stage investors. I wonder if the SF investors are willing to be more risky because $100k feels like so much less money. In Austin, that used to be an apartment in the burbs.
- rdl 10y agoYeah, I think seed (and "pre-seed", sigh, that is now a thing too) and Series A are the most geographically specific. IPOs happen anywhere (or rather, happen nowhere). B through Pre-IPO happen basically anywhere for the strongest companies, but for a marginal company and earlier, there might be some geographic focus. OTOH, VX flies SFO-AUS nonstop.