Capital Factory in Austin, TX
Capital Factory is getting off the ground in Austin, TX, as recently reported by TechCrunch. Austin has always had a pretty supportive culture around startups (I remember reading once-upon-a-time that there were 400 small “hi-tech” companies in Austin with an average employee count of less than 4). I don’t think it is because of incubators and venture capitalists and efforts like capital factory that we have a lot of startups in Austin – rather, I think the fact that we have a lot of startups brings these types of efforts together – it provides the critical mass of “demand” for the kind of funding, services, and mentorship (and collegiality) that these programs bring to the table. Hopefully some of these ideas will turn into big, successful businesses that will continue to make Austin a great place to live and work.