Hub-Based Venture Firms

Academic Paper
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© edegan.com, 2016

Hubs

Capital Factory

In-house operating fund? YES

• https://angel.co/capital-factory-fund-4
• "The Capital Factory Fund comes from Austin's most prominent entrepreneurs and investors and only invests in Austin-based tech startups. Investors from around the world are participating who want to dip their toe in the booming Austin market and identify future individual investments. If you are bullish on Austin, then you want to be in this fund."
• Takes in new investors each round
• co-invests based on partners
• Founding date unclear, but Capital Factory founded 2009

1871

In-house operating fund? NO

• Space where companies, ideas, startups come together to share experience
• Has partnerships with VC, but does not seem to have own fund

1776

In-house operating fund? YES

• "We connect our startups to the latest wisdom on how to build highly scalable businesses through our curriculum. To expert mentors who can help startups quickly solve problems. To markets through our institutional and corporate partners. To capital through our investor network and the 1776 Seed Fund."
• Incubator with own seed fund
• http://www.bizjournals.com/washington/blog/techflash/2015/09/calling-all-startups-1776-closes-first-seed-fund.html
• Closed first seed fund at $12.5m late 2015
• Focuses on government in energy, health, education, sustainability, transportation, and smart_tech

American Underground

In-house operating fund? YES

• Invested in Groundfloor for $1m in 2014, classifies as a "Micro VC" so reasonably, has a small personal fund
• Looks like it co-invests
• Mainly a campus space for startups and entrepreneurs to congregate
• "Google for Entrepreneurs enables tech hubs by providing them with technical content, business tools, and infrastructure upgrades so that they can support increasing demand from developers and startups."
• Focus: tech

Galvanize

In-house operating fund? NO

• Lessons for programming, data science, etc.
• University of New Haven
• Locations across US, online classes

Rocket Space

In-house operating fund? NO

• "Corporate membership" for various perks, connections to network of startups
• pseudo-accelerator program of some sort, has various program, so might make some small investments in the program
• Focus: tech

Betamore

In-house operating fund? NO

• has bootcamps for rising VC analysts, but no fund of its own to invest
• programming classes for SQL, etc.
• Became nonprofit 2015, partners with VC in Baltimore and other locations

Packard Place

In-house operating fund? UNLIKELY

• Uses old space of Packard Place Motors, converted into an innovation and acceleration space
• Claims to have multiple accelerator programs in Charlotte
• Mentions nothing about on-site VC

The Venture Center

In-house operating fund? YES

• VC fund based in Arkansas
• Founded in 2013, raised $19m in revenue the past year
• focuses on acceleration and mentorship as a VC
• focus: technology commercialization

The Idea Village

In-house operating fund? NO

• No information on VC on-site
• Just an ecosystem with mentorship and opportunities

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