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Austin, TX. A YC-ish group called 'Capital Factory' recently began operating here, but if you look at the inaugural group of funded ventures, they're either:
by f00 17y ago
Austin, TX.
A YC-ish group called 'Capital Factory' recently began operating here, but if you look at the inaugural group of funded ventures, they're either:
a) Not attracting Silicon Valley caliber talent/ideas/entrepreneurs
or
b) Not looking for the same type of startups as YC.
I'm not sure which, but I sadly suspect the former.
Also, given that YC appears to be going Valley-only, perhaps the 'Another Boston option' should just be Boston, MA, right?
- jasonlbaptiste 17y agointeresting re: cap factory. techstars is in boston now too.
- gojomo 17y agoHas the poll locked or hit a maximum? Lots of good suggestions in comments aren't yet poll options.
- jasonlbaptiste 17y agostepped away from the computer. going to add in some new ones. Update: done. Geez polls get killed in terms of staying on the homepage rankings.
- larrykubin 17y agoAustin is great. We have a large university, many freelance web developers/designers, and lots of wi-fi. A small amount of money goes a long way here, which is a big plus.
- arohner 17y agoGiven that I applied to cap factory and got denied, I suspect the latter. :-) From what I saw, they appear to be looking for more polished startups, and their application process does not have the same focus on finding talented hackers that YC's appears to have.
- f00 17y agoYou're probably right. I was feeling negative, because I had hoped that Capital Factory would provide seed funding for innovative development and help kindle some entrepreneurship among top-notch hacker types in Austin. I'm not really sure what motivated them to pick a hodgepodge of me-too web properties (a few niche craigslist-ish things and a pet medical site). Outside of Capital Factory, it seems like Austin Ventures and friends will continue to fund more of the same recycled enterprise network/virtualization/identity management software companies, being started by the same management teams over and over. I really hope the next batch of CF startups is more interesting/innovative. Good luck with your venture, it looks promising, even if CF didn't care to fund it.