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16
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Is Austin Ventures Bad for Austin?

Fund: Austin Ventures

Posted by Anon on 2007-10-01

PUBLIC:

Are any other Austin-area entrepreneurs concerned about how AV has sucked the entrepreneurial climate out of Austin"! AV intimidates other/smaller funds and even their own LPs who want to invest in those funds. And, they really don't invest much in early stage anymore. Meanwhile, you look at the national trends (PWC MoneyTree) and Austin is being significantly outpaced by other areas with less conducive environments! This is Austin, Texas -- why do we lag other areas for VC investment"

Do the right thing, AV. Either step up and invest in our city's early stage deals or get the hell out of the way and let the other firms fill that void. Your city needs this for economic expansion.

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