Startup Austin

Scott Francis
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I mentioned momentum in the Austin startup scene… with IPOs and the Startup District and all the funding events this year in Austin, it is looking like interesting times ahead. Eugene Sepulveda writes about Austin’s Startup America, “Startup Austin”:
At yesterday’s luncheon, John Price cited a statistic I didn’t know, nearly every job created since the 1990s is from a company less than 5 years old.
It is all about jobs.  Vast (John Price’s firm) has been hiring into Austin for a few years now.  I know at BP3 we’re doing our best to contribute to job growth as we enter our 5th year in business.  But what exactly is this Startup Austin thing?  According to Eugene:
It’s about bringing together a coalition of mentors, advisors, funders, major corporations and service providers to deliver strategic and substantive resources to help entrepreneurs start and scale companies. It’s especially focused on leading existing firms with high-growth potential (what they call “speedups”).
Scaling fast-growing firms sounds good to me – although I have to wonder how much help the major corporations and service providers really are in some cases.  I also agree with Eugene, they should stick with Startup Austin for now – other Texas cities have their own culture and business culture, and we shouldn’t try to lay claim to the whole state just from our one city.  It isn’t a knock against the rest of the state, just admitting the limits of the group as it is.