Convio

The President and the CTO of the United States visit Austin and Capital Factory

The President and the CTO of the United States visit Austin and Capital Factory

Well, what a week it has been. Speaking of my last Lucky7 post on entrepreneurship being all about the journey, this week has been a one giant leap for Austin mankind (and womenkind, of course).

First, the week started out with an amazing Austin City Limits taping with the band Phoenix playing. Debra and I are annual donors to KLRU and attend these tapings regularly. Debra was out of town for this one, though, and I took Garrett Eastham, co-founder and CEO of Compare Metrics, a company that I proudly serve as their independent Chairman of the Board of Directors. You'll be hearing a lot about this company soon (it is currently in mostly stealth mode, taking a page out of my book - see my Lucky7 post on the weighing whether to be stealthy or not), and I'm having a blast working with them. Here is a photo of Garrett and I at the show. Phoenix was one of the best tapings I've seen - right up there with Pearl Jam, Arcade Fire, and The Lumineers.

The Director's cut of "Does Austin’s ‘entrepreneurial energy’ need more direction?"

Lori Hawkins, the business reporter for the Austin American-Statesman, interviewed me last week for an article that ran in the Sunday newspaper. I spent a lot of time with her on this - she is typically very diligent, and that is something that I've appreciated as an entrepreneur and now entrepreneurial catalyst and investor in Austin. She probably spent four hours with me on the article she wrote about my school-of-hard-knocks journey at Coremetrics to get it right.

This interview was full of advice for entrepreneurs and got a lot of attention. However, it had to fit the space constraints of the newspaper and came in around 1,000 words. So here's what you missed - a Director's cut, or a b-side if you choose. I've pasted the article in full below with quotes and filled in the additional content, which is not marked by quotes.

The state of tech entrepreneurship in Austin

The state of tech entrepreneurship in Austin

SXSW has long come and gone in this beautiful city - that was, like, weeks ago! Like years past, it reached more epic heights this year and companies and investors were spending more on gaining attention than ever before. And with SXSW, the typical, "how is Austin doing at tech entrepreneurship?" question was asked again and again. But out of all of the articles written, the one that I personally heard the most about was this one by PandoDaily: "Will the Austin startup ecosystem ever live up to its promise?"". It stirred me up to read it, no doubt. And it lead me to write this post to share my own thoughts - as an insider - on the state of tech entrepreneurship in Austin.

Recruiting parallels to venture capital investing

As I've gotten more ramped up here at Austin Ventures, I've learned a lot about the "other side" of entrepreneurship. I've known the world of a founder for the first half of my life (I'm 41 now), and I've started five companies, including Bazaarvoice and Coremetrics. But I've never been on the other side of the table as an investor and been a part of the closed discussions that occur after founders make their best case to an investment committee. What I've learned is really eye-opening and is helping me put a lot of patterns together (this is called "pattern recognition" in the investing world).