The zeitgeist among the technocenti seems to be that, after Facebook’s IPO flop and the resulting lull in tech IPOs, companies seeking funding should stop shopping around for higher valuations and just grab what’s on the table, because “winter” is coming. I’m not sure how much of that sentiment has filtered into Austin, and booms and busts in funding cycles tend to be more moderate here than in California – but truth be told, I’m flooded with Series A work at the moment.
Good for Austin, good for those companies, and good for our pipeline as a firm. Also happy to see a lot of professional VC and Angel money on those deals, which bodes well for those companies if startup winter does in fact come.
