Texas is the most promising technology market in the United States. Now the 9th largest economy in the world, it‘s clear that the rest of the world is waking up to the potential in Texas. Austin, Dallas, Houston, San Antonio form a massive startup Megalopolis that is attracting top talent, impact-focused investors, and the most innovative companies in the world. Startups and investors should treat Texas like one big city.

It seems like every day there is a new headline about an exceptional startup founder, investor, or corporate headquarters moving to Texas.

Elon Musk. Joe Lonsdale. Drew Houston. Jim Breyer. McKesson. Tesla. Charles Schwab. Hewlett Packard. Oracle. Who’s next?

These names aren’t the end of the story — they are just the beginning. I expect to see more announcements of big name people and companies moving to Texas every month in 2021.

Rendering of the amphitheater at the new Waterloo Park opening soon in downtown Austin, at the convergence of our technology, medical school and arts districts.

Austin has been the fastest growing city in the country for a decade and recent events seem to be causing it to accelerate even further. What about Austin is drawing people in and keeping them here? It’s not just about taxes — there are plenty of other cities and states with similar advantages. Why does it feel different here than other cities?

People are moving to Austin from all over the US and all over the world. They are coming from the East and West Coasts, from London and China and Tel Aviv. COVID-19 has caused global acceleration of many trends that were already happening before the pandemic and the immigration to Texas and especially Austin are no exception.

When anyone can work from anywhere, they don’t evenly distribute across the country. There will be some big winners who attract more and higher quality talent than others. Austin is positioned to be the biggest winner of them all.

Everyone comes for different…

For the past decade, Capital Factory has been building a pipeline of tech startups and investment rights and now we’re opening up to everyone through AngelList. Capital Factory has been the most active early stage investor in Texas since 2010, investing in hundreds of startups and collecting more than $100 million in pre-emptive investment rights to invest in hundreds more.

Texas continues to dominate the headlines…

This shift did not happen overnight — it has been decades in the making. While the Texas weather is preferable to New York City and the cost of living preferable to San Francisco, there are many more reasons that entrepreneurs are flocking to Texas.

  • Texas has a friendly business environment with NO state income tax
  • Texas is the…

Work side-by-side with me for two years running all aspects of Capital Factory’s operating businesses and investment funds. See everything I see. Meet everyone I meet. Then I’ll help you start your own company, launch your own fund, or find a leadership role at Capital Factory or one of our portfolio companies.

This is going to be an unbelievable year to be in Austin and at Capital Factory as the world recovers from COVID.

You are at an inflection point in your life and career. You are an apprentice to the CEO, have full transparency across the company, and manage his internal and external tasks and communication. You are a high potential individual looking to explode your experience and network so that you can start your own company, join Capital Factory or another startup as an executive, or become a venture capitalist investor. …

The Howdy Austin mural commissioned by Ride|Austin

Here is your home page to get started and meet all of the people you need to know to plug into the Austin tech startup scene — the Connectors, Angels, Venture Capitalists, Founders, Professors, Hackers, Press… and the Legends.

Austin has been one the fastest growing cities in the country for the past 20 years that I’ve been here, but it feels like COVID-19 and California wildfires broke the floodgates already under pressure from high taxes and expensive real estate in landlocked coastal cities. I used to meet a high profile entrepreneur or investor moving here every month and now it seems it’s one or two a week.

Everyone is looking to plug-in and with COVID it’s harder than ever. Normally, you can literally just show up at Capital Factory and hang out in the kitchen. …

I’m investing in Armbrust American and now you can too. From now on, I’m wearing my own masks — not ones that are made in China.

We need masks. We needed them in March. We need them now. We’re going to keep needing them for a long time.

We need masks that are Made in the U.S.A. COVID-19 has made it clear that critical manufacturing needs to be based here at home so that our supply chains aren’t disrupted when there is a global crisis. There was no where that was made clearer than with Personal Protective Equipment (PPE) and especially masks.

When COVID-19 hit, one of the first things I did was spend a $100+ ordering washable facemasks from my favorite brands. They looked…

Sign up to be a Community Organizer for Global Entrepreneurship Week in November and celebrate the entrepreneurs in your city while tapping into a global movement. Texas needs to represent!

Global Entrepreneurship Week (GEW) is the world’s largest collection of events, competitions, and activities in +170 countries, reaching millions of people of all ages and backgrounds. The only way it could get any bigger is to bring more TEXAS to it! Texas is a country, isn’t it?

That’s why I’m honored to serve as the Texas State Coordinator for 2020!

Going virtual is a change to reach even MORE entrepreneurs in MORE Texas cities working on solving all kinds of problems. That’s where YOU come in. …

Marcus Carey and Aziz Gilani getting down to business at Capital Factory Epic Office Hours

I’ve mentored hundreds of startups over the past decade and oversee a program that coordinates more than 100 meetings per week. Some entrepreneurs are completely unprepared but others come in with a clear plan and follow up relentlessly. Follow these tips to make sure you don’t waste your time and they follow up on the things they promise.

The primary reason that most people join our community is to expand their network for fundraising, business development and recruiting. There is no better place to start than the mentor network.

  1. Take a lot of meetings. It’s easy to look at someone’s profile and notice things that you have in common. It doesn’t work in reverse — just because you don’t see anything in common in their profile does not mean that they don’t have anything in common. They may not have mentioned their hobby, family business or what their spouse does. Every mentor in our community has a massive…

Watch and listen to a full video version of this blog post.

Coworking is dead until COVID passes. Capital Factory has gone fully virtual with daily Ask Me Anything sessions in and hundreds of Mentor Office Hours each week. We’re hosting massive virtual events in our new virtual office that are teaching us new ways to engage that will last long after COVID is gone.

As soon as COVID hit and SXSW was canceled, Capital Factory committed to doing everything “virtual-first” or designed for virtual audiences.

We didn’t want to just create videos of the same things that would have happened in person. We wanted to use new digital platforms to maximize the benefits of everyone being remote and virtual.

Some things are better in person and always will be. But other things are better when everyone is remote:

  • It’s easier to get people to participate from far away because they don’t have…

I’m helping to spread the word about a new online tool, HTX TechList, that is coming to Houston to help connect the Houston tech ecosystem across startups, accelerators, investors, and corporations.

Join the HTX TechList launch event on Thursday August 13th at 11:00 am central time.

I will be hosting one of the breakout sessions answering any questions related to funding and why Texas is the best state for startups!

Joshua Baer

I help people quit their jobs and become entrepreneurs @CapitalFactory @UTAustin @WPEngine @PostUpDigital @Pingboard @TexasTribune @EF_Fellows @AspenInstitute

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