Tech Money

Are Austin startups falling behind in the venture capital race?

When veteran entrepreneur Brett Hurt set out to raise millions in venture capital for his startup, data.world, he knew he would need to look outside Austin to get the deal done. Hurt ended up closing on $19 million this month, bringing the total his...

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Austin startup data.world brings in $19 million to build out ‘social network for data people’

Austin startup data.world came out of stealth mode last July to tell its story. The company, founded by a team of Austin tech veterans, revealed it was building a social network geared toward helping data scientists connect and share collections...

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Austin’s uShip lands $25 million for expansion push

Last week, Austin online shipping company uShip named a new CEO. This week, the company announced it has landed $25 million for a new expansion push. The company said Wednesday it received the funding in a deal lead by DB Schenker, one of the world’s...

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Open Source

Study: Tech industry pays older workers less money 

It’s not exactly a secret that the tech industry has a preference for hiring young workers. Bloomberg reports that the median age at tech companies like Google and Facebook hovers around 30, while the average age for a U.S. worker is 42.  Now jobs...

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Open Source

Austin losing tech leader Laura Kilcrease to Canada

Laura Kilcrease, an Austin tech leader and mentor to entrepreneurs over the past three decades, is leaving Texas for a job in Canada. Kilcrease has been named CEO of the Alberta Innovates Corp., which provides government funding for research in sectors...

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Austin’s YouEarnedIt earns its own reward: millions in new funding

YouEarnedIt, which lets companies create programs where employees reward each other with digital points, has earned a reward of its own: its first round of venture capital. The fast-growing Austin company said Tuesday it has raised $6.5 million to...

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PopUp Play lands $250,000 after ‘Shark Tank’ pitch

Austin startup PopUp Play dove into the “Shark Tank” on Friday night and swam away with $250,000. Husband and wife team Amelia Cosgrove and Bryan Thomas started PopUp Play in 2014 with an iPad app that lets kids design a castle, gingerbread house...

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Open Source

‘Trump and Dump’ bot, from Austin’s T3, shorts stocks based on Trump Tweets, gives profits to charity

For all the criticism of President Donald J. Trump’s ongoing Twitter habit, one unexpected beneficiary has emerged: dogs, cats and other animals being helped by the ASPCA. An Austin marketing and innovation agency, T3, has created a piece of automated...

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Venture capital investment in Austin slides, but still outpaces the rest of U.S.

The flow of venture capital into Central Texas startups slowed in 2016, but the rest of the country saw a sharper drop as investors held back during a roller coaster presidential election year. A total of 112 Austin-area deals received $834 million...

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Austin software maker Planview acquired by Chicago private equity firm

Fast-growing business software maker Planview has agreed to be acquired by Thoma Bravo, a Chicago-based private equity firm. Thoma Bravo is buying Planview from Insight Venture Partners, a New York-based venture capital firm that acquired the company...

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