place to launch your startup.
Source: Startup Genome
The Capital of Texas
Austin is the capital of the state of Texas. Texas boasts the 9th largest economy in the world.
Austin placed 20th out of global startup city rankings in 2021, fueled by a steady flow of founders migrating here. The local startup ecosystem in the first half of 2021 obliterated previous venture capital funding records, raising $1.5 billion in VC in the second quarter and $921.5 million in the first. The median seed round in Austin is $640K (global avg: $480K). The average investment per deal was $11.45M in 2019, up over 22% in 2018.