More local sources of capital needed for Austin to become an elite startup city, local experts conclude

Austin ranks highly among the second tier of U.S startup cities for its ecosystem of encouraging entrepreneurs — and needs more local sources of funding to jump to the first tier, alongside locales such as Silicon Valley and New York City.
That is the assessment of startup insiders David Altounian and Stephen Straus in a recent public report examining the pools of available cash in Central Texas.
"We believe that the entrepreneurial ecosystem in Austin could greatly benefit from increased amounts…

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