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While the Texas weather is preferable to New York City and the cost of living preferable to San Francisco, there are many more reasons that entrepreneurs are flocking to Texas. The Capital Factory Texas Fund is backed by many of the most successful CEOs and technology investors in Texas and across the U.S.,
Many of these businesses were what First Round Capitalcalled FNACs (features, not companies – this acronym has always stuck with me). In all of these new product and cost-focused new trends, a big problem has emerged that all of these movements have not addressed. The cost side of the equation is also important.
I enjoy learning about new technologies and ideas – and you get to see a lot of them in this business especially in early stage investing. And, if you travel, those costs come from this number too. If you have an office, that cost fits in here too. And then later, when the fund needs money, the fund does a capitalcall.
I enjoy learning about new technologies and ideas – and you get to see a lot of them in this business especially in early stage investing. And, if you travel, those costs come from this number too. If you have an office, that cost fits in here too. And then later, when the fund needs money, the fund does a capitalcall.
With nearly 2/3rd of all VCs citing cost-cutting in 2016 as the norm — this is a clear indication that winter made an appearance. This past year was also the year that startup boards also got more disciplined about containing burn rates and pushing for companies to be run more pragmatically. This chart surprised me the most.
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