The Texas Venture Growth Forum (TXVGF) held its inaugural event October 7-8, 2015 in Austin bringing together a community of over 900 Texas stakeholders to address the Series B funding gap in the Lone Star State.
In total,
there were 124 one-on-one meetings between 26 B+ series company CEO’s
representing over $334M in funds raised, and 32 late stage funds and investor
groups that represented over $15B in assets under management. On social media,
the reach of the TXVGF extended beyond the microcosm of the AT&T Center to
well over 70,000 people interested in startups.
Texas
State House Representative Jason Villalba, provided the keynote calling for the
state to support the reseeding of the venture capital community in Texas which
at one time in the 90s was robust and growing. Since the dotcom crash, the
community has recovered but never fully developed a Series B level funding
community. Neal Dikeman chaired the
panel on Corporate VCs describing Shell Technology Ventures approach to
investing in startups. One out of five
VC deals are now done by a Corporate VC in the US.
The event
was a tremendous success and a tangible foot forward in advancing Series B+ investments
in Texas’ startup ecosystem. In the spirit of maintaining momentum, the team
behind the Tech and Mobile event has
been working non-stop to plan similar events in the Cybersecurity and Life Science spaces for 2016. These events will
provide an opportunity that investors and CEO’s in
these spaces will not want to miss.
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