Austin vs Silicon Valley

Note: This post was originally written by Zac Sweers on Quara in response to the question, What is Austin like for startups and tech companies? How does it compare to Silicon Valley?“. Zac does the best job I’ve yet read of distilling the issues facing Austin and the growth of its tech business.

There are two big issues that startups in Austin face that I think stunt their collective growth. This is based on my time there (5 years of college), interning a short time at a local start up, having a few friends found local startups, and just general observations of the startup community. I now live in Palo Alto, CA working at a startup called Flipboard. Continue reading

VC Funding–SiValley vs. Texas

After reading an article in the New York Times about how music acts as a possible attractant to start-up’s, I wanted to get some numbers to see if that were true. From a historical basis, it’s important to remember that in 1999 Texas was doing nearly 10% of the venture funding of Silicon Valley, of as I call it, SiValley (cute, huh?).

2012 VC Funding

Year SiValley Texas Austin
2012 $10,968 $934 $621
% of SiValley 100% 6.2% 5.7%
2012 VC Funding Stage SiValley Texas % of SiValley
Seed $316 $2 0.6%
Early-Stage $3,279 $180 5.5%
Expansion $4,570 $344 7.5%
Later Stage $2,802 $408 14.6%

Source: PricewaterhouseCooper MoneyTree Survey