Austin’s venture capital scene is now healthy after a slowdown the past few years, panelists said Tuesday during a South by Southwest Conference & Festivals session on the subject.
Panelists, including CEO Rob Taylor of Convey Inc., said that the city started to turn a corner in the amount of money being funneled into local startups in 2012, when startup accelerators Techstars and Capital Factory launched. Two years later, Austin startups hauled in more than $1 billion in venture capital investment, a historical high.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.