Startup Funding

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The Top Ten AI Companies in Texas

With artificial intelligence on the rise, it’s no surprise that Austin is home to some of the top companies! The top ten AI companies in Texas include CognitiveScale, Continuum Analytics, Omni Ai, Inc., NarrativeDx, UnaliWear, NEXD, Cerebri Ai, Querium Corporation, Convessa and Panamplify. Company Name Description Headquarters Location CognitiveScale CognitiveScale provides industry-specific enterprise cognitive cloud software. Austin , Texas  Continuum Analytics Anaconda is an open data science platform powered by Python, with more than 11 million downloads to date. Austin , Texas Omni Ai, Inc. The first Unsupervised Artificial Intelligent Self Learning Engine with Deep Learning Capabilities. Ai Dallas , Texas  NarrativeDx NarrativeDx is the AI platform for patient experience. Hear the voice of your patients. Austin , Texas  UnaliWear UnaliWear is a wearable technology that provides assistance for falls, medication reminders, and GPS location for its clients. Austin , Texas NEXD  NEXD brings AI (artificial intelligence) to sales professionals. Austin, Texas Cerebri Ai Cerebri AI provides AI and machine learning driven solutions to help enterprises grow revenue through better understanding of their data. Austin, Texas Querium Corporation Querium licenses artificial intelligence technology used for Science, Technology, Engineering and Math education applications. Austin, Texas Convessa Convessa is an AI platform that powers connected, voice-controlled products. Our software lets companies build virtual assistants. Austin, Texas Panamplify Panamplify eliminates the time consuming and expensive grunt work marketing agencies have when creating reports for their clients. Dallas, Texas  

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VC Profile: Venu Shamapant of Liveoak Venture Partners

Headquarters: Austin, Texas Description: LiveOak Venture Partners is an Austin-based, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo. While many of their investments begin at the seed stage, LiveOak is a full life-cycle investor focused on technology and technology-driven service companies primary based in Texas and the Southwest. For over a decade, the Founders of LiveOak have helped entrepreneurs create industry-leading companies. “LiveOak partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo.” Recent Investments: Ranzure Networks $13M / Series A (Lead) CS Disco $18.58M / Series C Data.world $14M / Series A NSS Labs $16M / Series C Website:  liveoakvp.com Venu Shamapant is a co-founder of LiveOak Venture Partners and has been investing in early stage Texas based companies and entrepreneurs since 1999.  Prior to founding LiveOak, Venu was a General Partner at Austin Ventures where he invested in companies producing more than $1.5B in enterprise values to date. He was an early investor in and sat on the Board of Directors of LifeSize Communications (acquired by Logitech), Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco Systems), Mavenir Systems (NYSE:MVNR) and Sipera Systems (acquired by Avaya Communications). Prior to joining Austin Ventures, he was with McKinsey & Co. serving clients in the enterprise systems and software markets. He started his professional career as a software developer and engineering lead at Mentor Graphics.  

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TEN Capital Company Monitoring

My father was a buy and hold public stock investor. He would choose stocks that were in a sector he had some knowledge of, had either worked in or had some connection to. He would then track the progress of the stock each month –looking at revenue, earnings, major news announcements among other things. Those that stayed on track with their projections and showed progress eventually found their way into his portfolio.  Over the years, his portfolio grew and he ended up with an impressive one. The same lessons apply to those who want to invest in early stage startups even though public information about the company is not readily available. Choose companies that fit a sector in which you have some knowledge or connection, then setup a tracking system to see how the company does. The key difference is that the public market makes financial information readily available while the non-public markets such as startups do not. That’s where TEN Capital comes in. Through its relationship with Texas-based startups, it has access through various means to track startups and their progress. If you are interested in tracking a startup, you can sign up for TEN Capital’s Monitoring service which tracks key startups and provides information about their revenue, earnings, and other key financial information.  The first 3 companies are free for 6 months. Signing up as an investor with TEN is easy and free. Visit our Investor Page and sign up now! If you have any questions, please contact us at info@tencapital.group.

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5 More Resources Angel Investors Should Be Using

As an Angel Investor in startup companies there are many tools used to vet startups. In a previous post, we discussed five useful vetting tools: Crunchbase, LinkedIn, AngelList, Mattermark, and online background checks.  But there are numerous other helpful resources and techniques out there that can make the investment process easier and jump start your search for new opportunities – here are just five more: Gust: Gust helps angel investor groups and venture capital funds collaborate with promising startups. Over the last 12 months, 1800+ startups have been funded through Gust’s SaaS funding platform. Gust is used by hundreds of angel investor groups around the world to manage their investment process, and discuss, track, review and share deals. Betalist: This site allows investors to discover upcoming technology startups, and company founders to share their startup with the world and get early user feedback. Technology startup companies must meet preset criteria to be listed, and cannot be publicly available. VentureDeal: Slightly more advanced than Crunchbase, VentureDeal is a paid platform that is updated daily, and includes companies from over 40 industries spanning general technology as well as the life sciences. VentureDeal allows investors to get in-depth information on startups, browse companies seeking additional funding, and manage email communication for core company people while making the connection easy. Their service is a 25$ per month and you can cancel at any time. Quora: Quora, the question and answer site, has a large community of investors and startup founders as frequent viewers and contributors.  Quora is a great place to get advice on investing, be it recommendations on what expect from a first meeting, or how to perform due diligence on a prospective investment. Quora is free, and requires that all its members register under their real names. Network referrals: No matter the industry, personal relationships are still one of the most important factors in connecting potential investors with startup companies.  To take advantage of and build your network, start with an analysis of your current circle—everyone including friends, family, acquaintances, co workers, your former college or high school classmates, etc.—and look at the potential network value these connections might have. Build up your social media profiles through consistent, quality content and profiles. Get out in the world and meet new people, be it at conferences, speaking events, and community mixers.  Be personable, friendly, and easy to talk to, and when the opportunity to help someone or return a favor presents itself, do it – because you never know from where that next big opportunity will come. Regardless of whether you are looking to invest or trying to fund your startup, don’t hesitate to broaden your scope by exploring every resource you can to make your plans a reality. TEN Capital Network Investor Program provides angel investors, vc funds, family offices, and more, with an easy way to invest in Texas-based startups and early-stage companies. Through our online funding portals, one-on-one funding events, and data analytics services we help take the guess-work out of finding investment opportunities to diversify and expand your investment portfolio. Signing up as an investor with TEN is easy and free. Visit our Investor Page and sign up now! If you have any questions, please contact us at info@tencapital.group.

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VC Profile: River Cities Capital Funding

Headquarters: Cincinnati, Ohio Description: River Cities invests in world-class management teams − backing progressive, proven leaders of healthcare and information technology companies. A consistent, cohesive team has honed its strategy over four prior funds with compelling performance. River Cities seeks to be a business partner first and a capital provider second, investing significant human capital to leverage its domain expertise and a network of thought leaders assembled over the last 20 years. “Building bridges between today’s opportunities and tomorrow’s success.” Recent Investments: Building Engines, Inc. $26M / Private Equity NICO $15M / Venture Canvas $4M / Venture Netsertive, Inc $24M / Series C (Lead) Website: www.rccf.com Patrick Dunnigan joined River Cities in 2014 to focus on technology and healthcare investment opportunities. Prior to joining RCCF, Patrick worked at a venture-backed cloud services company and was a senior associate with Florida-based Ballast Point Ventures, where he worked on healthcare and tech-enabled business services growth-stage investments. Previously, Patrick was a senior investment banking analyst for Raymond James & Associates, where he was actively involved in advising companies regarding initial public offerings, raising capital in both the public and private markets and merger and acquisition opportunities. Patrick graduated with a BS in finance with honors from the University of Florida and an MBA from the Fuqua School of Business at Duke University with the Health Sector Management (HSM) certificate.  Patrick volunteers at the KIPP Durham College Prep Public School in Durham, North Carolina.

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The Top Ten Fintech Investors in Texas

The top ten fin-tech investors in Texas include Austin Ventures, Seven Rosen Funds, Houston Angel Network, Mercury Fund, Mark Cuban, Silverton Partners,TPG (formerly Texas Pacific Group), Texas Venture Labs, Maverick Capital and Capital Factory. These companies have invested in over 1,362 deals collectively. Company Name Number of Investments Headquarters Location Austin Ventures 363 Austin , Texas  Sevin Rosen Funds 205 Dallas , Texas Houston Angel Network 185 Houston , Texas Mercury Fund 120 Houston , Texas Mark Cuban 90 Dallas , Texas  Silverton Partners 85 Austin, Texas TPG (formerly Texas Pacific Group) 84 Austin, Texas Texas Venture Labs 81 Austin, Texas Maverick Capital 75 Dallas, Texas Capital Factory 74 Austin, Texas Total 1,362      

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Top 5 Virtual Reality Companies in Texas

Check out the top 5 Texas Virtual Reality companies to raise funding in 2016! These Texas companies raised over $27M in 2016. Merge Labs led the field with the most funding at $10M followed by Virtuix, and Owlchemy Labs.   The top 5 have raised over $36M in total funding since inception of their companies. Company Name Description Last Funding Date Last Funding Amount Total Funding Amount Virtuix Virtuix is the developer of the Virtuix Omni, a virtual reality platform that enable users to walk, run, and jump in 360 degrees in VR. 8/1/2016 $7,699,129 $16,079,129 Owlchemy Labs Owlchemy Labs is a creative game studio with a passion for polished and unique games and VR experiences. 8/3/2016 $5,000,000 $5,000,000 TheWaveVR TheWave​ is a cross-platform virtual reality experience. 8/4/2016 $2,500,000 $2,500,000 Merge Labs Merge VR is creating system that will make virtual reality accessible from your favorite smartphone. 4/24/2016 $10,112,801 $11,212,801 Tixsee Tixsee’s mobile platform provides an all-inclusive approach to deploying mobile apps that fans love. 6/1/2016 $1,750,000 $1,750,000

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VC Profile: Limestone Capital Advisors

Headquarters: Austin, Texas Description: Limestone Capital Advisors is an investment advisory firm based in Austin, Texas. We provide a full spectrum of investment advisory services, ranging from deal sourcing and due diligence to investment monitoring and management. We specialize in a wide variety of transaction types from direct private equity investments to asset sales and joint ventures. Additionally, we manage several early and growth stage direct-investments from our previous private equity and venture capital fund experience. “Our differentiating factor is our team’s vast experience, strong relationships, and comprehensive knowledge base that stems from decades of leadership at the highest levels of both the private and public sectors.” Recent Investments: Renoix $28.6M / Venture Zift Solutions $32M / B Series Website: www.limestoneca.com Tom Inman has over 14 years of private equity/venture capital investing experience and over 13 years of operational experience. Prior to co-founding Limestone, he served as a Principal at Gefinor Ventures, and was actively involved in evaluating new investment opportunities, performing due diligence and worked with several investments including Collider Media (acquired by Videology Group) and SiVerion (acquired by LogicVision, NASDAQ:LVGN) and serving as Interim COO at BlueSpace Software. Prior to his private equity and venture capital career, he gained valuable experience in information technology at Motorola as a business systems analyst where he led and implemented several Data Warehousing and Customer Relationship Management (CRM) software development and system integration projects. Prior to that, he served for over 7 years as a pilot in the U.S. Navy, earning the rank of Lieutenant and gaining valuable leadership and program management experience.

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Technical Due Diligence

1 min read Technical Due Diligence (TDD) is a detailed evaluation of a company’s technical side, including both existing software and hardware products and those in development. Potential investors need to gather detailed information about a prospective company to highlight any potential risks associated with their investment. While the Technical Due Diligence process may seem intimidating to some small business owners initially, it is, in fact, a routine step. If efficiently planned and executed, a TDD should be able to answer investor questions in easy-to-understand terms. Whether you are a potential investor, or a startup new to the process, the following article provides an insightful take on making the process work. When embarking on the TDD process, investors typically want to know about 4 major areas: Strategy: Does the company and its product(s) fit within the investor’s overall growth objectives? Does the company’s own strategy match up with the investors’ strategy? Quality: Are there quality issues with the company’s product that will require fixing? If product development or fixes are needed, what are the expected costs? Growth:  Is the company or its product poised for growth? What roadblocks would hinder growth in terms of labor, manufacturing, infrastructure, and/or development? Can the product be scaled? Stability:  Are the company founders and their employees in it for the long haul? Are their processes organized and well-documented? Are there contingency plans and redundancies in case of an unforeseen event? Read more: https://staging.startupfundingespresso.com/education/ Hall T. Martin is the founder and CEO of the TEN Capital Network.TEN Capital has been connecting startups with investors for over ten years. You can connect with Hall about fundraising, business growth, and emerging technologies via LinkedIn or email: hallmartin@tencapital.group

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