Houston Strategies

Venture capital accelerating in Houston

Just got back from a keynote address at Rice University by a partner at Austin Ventures, which is by far the largest venture capital firm in Texas. Venture capital as a whole is struggling to meet the return expectations of their investors (too much money, too few good startups), but he noted that they are more active in Houston now than ever before. They feel very good about the activity they're seeing in Houston, both technologies and management teams, and more and more of their investments are here. The really suprising fact? He said they're now doing more business here than in Dallas, which is incredible if you know how far Houston has traditionally been behind Austin and Dallas in tech entrepreneurship.

posted by Tory Gattis @ 3:35 PM