Monday, March 7, 2016

Austin Entrepreneur Skewers Austin VCs In Techcrunch

An Austin entrepreneur, Richard Bagdonas, has skewered Austin's tight network of venture capital investors--by name--saying Austin is in the "Dark Ages" in terms of venture capital availability, and calling out a number of Austin's technology investors by name. The missive was apparently triggered by the steep drop in valuation offered for Bagdonas' company from an Austin firm versus the valuation offered by a Bay Area venture capital investor.