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You're probably right. I was feeling negative, because I had hoped that Capital Factory would provide seed funding for innovative development and help kindle s
by f00 17y ago
You'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.