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Comment by f00 | Hacker News Reader

Austin, TX.

A YC-ish group called 'Capital Factory' recently began operating here, but if you look at the inaugural group of funded ventures, they're either:

  a) Not attracting Silicon Valley caliber talent/ideas/entrepreneurs

  b) Not looking for the same type of startups as YC.

I'm not sure which, but I sadly suspect the former.

Also, given that YC appears to be going Valley-only, perhaps the 'Another Boston option' should just be Boston, MA, right?

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Austin is great. We have a large university, many freelance web developers/designers, and lots of wi-fi. A small amount of money goes a long way here, which is a big plus.

Given that I applied to cap factory and got denied, I suspect the latter. :-)

From what I saw, they appear to be looking for more polished startups, and their application process does not have the same focus on finding talented hackers that YC's appears to have.

You're probably right. I was feeling negative, because I had hoped that Capital Factory would provide seed funding for innovative development and help kindle some entrepreneurship among top-notch hacker types in Austin.

I'm not really sure what motivated them to pick a hodgepodge of me-too web properties (a few niche craigslist-ish things and a pet medical site).

Outside of Capital Factory, it seems like Austin Ventures and friends will continue to fund more of the same recycled enterprise network/virtualization/identity management software companies, being started by the same management teams over and over.

I really hope the next batch of CF startups is more interesting/innovative. Good luck with your venture, it looks promising, even if CF didn't care to fund it.

interesting re: cap factory.

techstars is in boston now too.

Has the poll locked or hit a maximum? Lots of good suggestions in comments aren't yet poll options.

stepped away from the computer. going to add in some new ones.

Update: done. Geez polls get killed in terms of staying on the homepage rankings.

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