Practical Article about Raising Money in Austin
- April 27, 2017
- 0 Comments
The ABJ just posted an article about fundraising in Austin, with quotes from our friend Brett Hurt at Data.World, Greg Stock of Zenoss, and Joe Ross of CSID.
We were one of the companies that raised money in 2016, and our experience is consistent. Regardless of the overall ups and downs of funding, you just have to keep in mind that funding is cyclical, startup capital needs are cyclical, and that as a small company it isn’t the macro effects that matter the most, but the micro effects: your team, your story, and your numbers.
I think Austin is going to be just fine on the VC funding front, so long as we keep producing interesting companies to invest in, and that’s really what matters. But obviously there is more to it than that – like building an ecosystem. Still, I think that happens organically and not just because someone plans it or because we need it. It happens because the virtuous cycle runs long enough to make it possible. There are plenty of signs of that seeds sprouting in Austin – but success isn’t guaranteed by any means.