In Case You Didn't Notice, Obama Came to Visit

Post by
Scott Francis

Today (yesterday by the time you read this) Obama came to visit Austin. Pretty exciting.? One of his stops was Capital Factory, one of the incubator/co-working spaces in Austin that was co-founded by my friend Joshua Baer.? Lori Hawkins covered the event in the Austin American-Statesman, but really the pictures say it all.

High-tech incubator Capital Factory on Thursday provided President Barack Obama with an up-close look at the innovation happening in Austin and the people making it happen.


Obama met with entrepreneurs, investors and business mentors during his visit to the downtown tech accelerator, which has become a central gathering spot for Austin?s startup community.

Founded by software entrepreneur Joshua Baer and other investors, Capital Factory serves as headquarters space for about 100 small businesses, most of them software startups.

This was followed by more good news :

The president also met with a group of Austin tech executives and investors. Bill Boebel, an Austin software veteran and Capital Factory co-founder, told Obama: ?Each of these people are entrepreneurs who have built large companies, and now spend a significant amount of their time and money helping new entrepreneurs with their companies. Many are doing this while still running their own company. Collectively, this group has created over 10,000 jobs in Austin.?


Obama said Austin ?can be a model for a lot of cities around the country. What you also have here is a community that seems to be fostering and encouraging.?


?If you watch the news, if you are based in Washington, sometimes you just sense doom and gloom,? he said, noting that dynamic people were creating goods and services and ?were out there hustling every single day.?

The whole thing is pretty cool. Very proud of Capital Factory, Austin, and my wife's firm, Red Velvet Events. They do a lot of work with Capital Factory, including helping coordinate logistics for today's visit. So cool that she got to shake the President's hand.? So good for Austin to get this kind of attention.? Even better, if other parts of the country do learn something from the Austin Experiment we'll have really improved the world.

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