Kevin Stevens

2019 Predictions for SE Innovation

2018 was the year big tech announced it was leaving the west coast and moving to the middle of the county the other coast.  Apple, Amazon, and Google all announced expansions of their campuses in other locations and since Austin was the only city to...

Kevin Stevens

Is “Peak Valley” Inevitable?

By now you’ve likely seen this week’s The Economist cover story entitled Peak Valley, which features quotes from Claire Haidar.  Claire is CEO of WNDYR, an Intelis Capital portfolio company. The article highlights a mixture of outrageous costs-of-living, poor local government, and high operating costs as...

Kevin Stevens

Ethics in Flyover Ecosystems

Yesterday, I had the privilege of attending my first AUTM conference after being invited by Kerri Smith of the OWL Accelerator in Houston.  The topic of my quick 10-minute talk was "Ethics in Flyover Ecosystems" and it was part of a broader discussion on "Ethical...

Kevin Stevens

Venture Ecosystems

Pitchbook has released a new study on startup ecosystems and a few things immediately stand out to me: 1) TX has anemic local capital per venture backed startup. It's WAY behind states with growing ecosystems like Tennessee, Utah, Michigan, Missouri, and Colorado. Some might argue the number...

Kevin Stevens

Why Convertible Notes Hinder Growth In Underserved Ecosystems

Recently, CrunchBase published a new case study on early-stage funding including the different types of deal structures, priced (equity) and unpriced (convertible notes or SAFES).  The post was a useful, if very high level, overview of the early-stage funding process.  However, due to this simplicity, the article...

Kevin Stevens

Accelerating the Texas Flywheel

Yesterday, Capital Factory CEO Joshua Baer announced a partnership with The Dallas Entrepreneur Center to bring Texas' biggest accelerator to Dallas.  In his post, The Texas Startup Manifesto, Baer proposed a "Texas startup Megatropolis" combining Austin, Dallas, Houston, and San Antonio. The vision is exciting and...