Why is Texas' future so bright?
Texas Legacy Fund
风险投资与私募股权管理人
Austin，TX 288 位关注者
State of the Art Risk Management Funding Texas Innovation
关于我们
Texas' booming economy and innovation infrastructure can offer compelling venture returns for investors. And there’s plenty of capital wanting to invest well in Texas innovation. The problem - The historical venture fund model has remained largely unchanged since 1959. As a result, 80+% of all US venture dollars have gone to coastal cities, leaving Texas startups struggling for funding. Fortunately, new tools and research allow investors to make better data-driven investment decisions and to build proper venture portfolios— regardless of location. The Solution - The Texas Legacy Fund applies these tools to capture the upside of Texas’ bright future - at scale. Worthy startups across Texas will gain access to the resources they need to build their businesses, and venture investors will be positioned to benefit. This LinkedIn page is dedicated to explaining how investors can invest in Texas— all while making an impact, leaving a legacy, and enjoying compelling profits. Anemic Venture Support for Texas While Texas is 5th in the country for venture funding for startups, when normalized for the sized of the Texas economy, we are 20th, behind Washington (both state and DC), Utah, Colorado, North Carolina, Florida, and even Delaware and Vermont. Implementing the State of the Art venture fund design, the Texas Legacy Fund presents the first institutionally rigorous path to deploy capital well, at scale. The fund will manage ALL risks properly: Systematic (or timing) Risk via properly allocated and staged investment across the Seed, A & B rounds; Non-Systematic (or transaction) Risk via properly diversified portfolios across the Seed, A & B rounds; and Decision-Process Risk by assuring all investment decisions will be supported by best in class research and standardized, company-specific operating data. For taxable investors, the fund will leverage the #QSBS tax incentives which lower the after-tax risks and raises the after tax returns for investor.
- 网站
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https://texaslegacyfund.com/
Texas Legacy Fund的外部链接
- 所属行业
- 风险投资与私募股权管理人
- 规模
- 2-10 人
- 总部
- Austin，TX
- 类型
- 合营企业
- 创立
- 2022
- 领域
- Portfolio Management、Risk Management、QSBS和Behavioral Finance
地点
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主要
获取路线
US，TX，Austin
Texas Legacy Fund员工
动态
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Good review. What hasn't kept pace with Texas' growth and prominance is the support for startups. Texas is around 20th in the country in venture funding when adjusted for Texas' economy.
Why Texas is Becoming THE Most Powerful State
https://www.youtube.com/
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From the Wall St. Journal: 'From Wall St. to Y'All Street' - https://lnkd.in/dwr7DQAQ
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Texas deserves better.... 'A tepid quarter in Texas In Q1, startups headquartered in Texas raised just 2.32% of all venture funding among states that saw at least 10 deals. That’s a big drop-off from the 6.45% of capital raised that Texas claimed during the whole of 2023—and an even bigger decline from the state’s 10.19% of capital raised back in Q1 2023. To make the comparison more stark: In Q1 2023, California startups raised 37.9% of all capital, and Texas startups raised 10.19%. A year later, in Q1 2024, California’s market share was up to 59.25%, and Texas’s was down to 2.32%.'
5 geographic trends in U.S. venture funding | Carta
carta.com
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Frank Rotman's work here is good. These are important points, and are well addressed in the structure and discipliens of the Texas Legacy Fund. If you would like to understand how, drop me a note in the comments section.
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Glad to see Andersen Tax speaking about QSBS. Let's hope they discuss 1244 as well as 1202. The Texas Legacy Fund is designed to optimize the use of both to lower the after-tax risk of venture investing (Sec. 1244) and raise the after-tax returns (Sec. 1202/1045 exchanges).
QSBS Strategies for the Investor
online.andersen.com
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We are part of a broader and important vision... https://lnkd.in/gBZaS7_m
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Naturally the Texas Legacy Fund applies all this research to deploy capital WELL in Texas ventures.
We've completed our educational series called 'Figuring Venture Capital Out'. Not too ambitious, hey? Thankfully there is a TON of research that has been assimilated and covered in our webinars. This Medium post has links to the full videos, as well as snippets. If you think it is important to improve how we fund startups, you won't want to miss this piece.
Figuring Venture Capital Out
link.medium.com
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A Wired Op Ed piece from last year, recently brought to my attention... 'If we want to unlock the true innovative potential of our society, it has become clear that we must dilute the unearned influence of Big VC. Achieving this goal requires us not only to break up the market power of Big VC funds and investors, but to reimagine innovation investing from the ground up.' https://lnkd.in/dezAipw8
How Venture Capital Can Avoid the Next Silicon Valley Bank Fiasco
wired.com
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We will be conducting a series of webinars exploring the research on the venture industry. The first webinar — ‘Why So Many Venture Funds Underperform’ — will be on January 23rd at 2:00 pm CST. You can register?at https://bit.ly/47L27gW. Shortly thereafter, we will cover ‘Why the Venture Fund is Largely Unchanged Since 1959’. We will finish with ‘How to Invest in Venture with Confidence’. If you are a (likely frustrated) current investor, are contemplating investing in a fund, or launching your own fund, you won’t want to miss these. See you there.