Capital Factory is the center of gravity for entrepreneurs in Austin. Last year more than 50,000 entrepreneurs, programmers and designers gathered day and night for meetups, classes and coworking. We meet the best entrepreneurs in Austin and introduce them to their first investors, employees and customers.
This is your chance! Capital Factory is thrilled to announce that for July, we're giving one startup a $100,000 investment to the next big artificial intelligence company.
Austin’s top entrepreneurs have banded together to give one startup the chance to change the world. Any tech or consumer startup can apply on AngelList to pitch at our Funding Day on July 28.
“We want to see Austin entrepreneurs thinking bigger and shooting for the stars. If you’re really trying to change the world, we will help you get started,” said Brett Hurt, CEO of data.world and founder of Bazaarvoice, Coremetrics and Hurt Family Investments.
$100,000 isn’t all of the money you’ll ever need, but it’s enough for a scrappy team to focus full-time on building a minimum viable product and finding product market fit for about a year. We give you free rent, free hosting, a lot of other free stuff to make that $100,000 last as long as possible.
If you’re successful, you’ll validate the business enough to raise $500,000 and then raise a real seed round from a VC.
“Getting the first check is hard enough as it is — it’s even harder in today’s market if you are female. I’m looking forward to backing more diverse teams with women in key leadership positions,” said Jan Ryan, founder of Women@Austin.
Hugh Forrest, Chief Programming Officer for SXSW, has seen thousands of startups from all over the world. “Austin has emerged as one of the hottest startup hubs in the country — but we need a breakout company to take us to the next level. With so much brainpower in this ecosystem, we have the opportunity to create the next Google in artificial intelligence, health, mobility, virtual reality, or maybe something no one is thinking about yet.”
Think you’ve got a shot? Apply now on AngelList to be one of 5 teams selected to pitch on Funding Day on July 28. You could walk away with $100,000!
The best team that pitches at Funding Day will receive:
- $100,000 cash investment on a SAFE or Convertible Note
- Special access to an A-List of Austin’s top entrepreneurs who add value far beyond the money you received
- 1 year of unlimited co-working at Capital Factory
- Access to the Capital Factory Mentor network
- Company formation by startup lawfirm Kastner, Huggins, Reddien & Gravelle (KHRG)
- Hundreds of thousands of dollars in free hosting credits from Amazon Web Services, Google Cloud, IBM Softlayer, Microsoft & Rackspace plus many other cloud services you use