News Column

Capital Factory, Silverton Partners and FLOODGATE Announce Matching Investments for All Capital Factory Incubator Companies

February 3, 2014

$150K Total Will Be Invested in Each Qualifying Venture; Program Begins Immediately AUSTIN, Texas --(BUSINESS WIRE)-- Capital Factory , Silverton Partners and FLOODGATE today announced a joint initiative to provide $150K of financing for every qualified start-up that is selected to participate in the Capital Factory program. The program starts immediately. Finding two Capital Factory mentors who agree to invest $25K each automatically triggers a matching VC investment of $50K from Capital Factoryís in-house fund, and $25K each from Silverton and FLOODGATE. ... @capitalfactory: announcing @SilvertonVP & @Floodgate will match investments made by CF Partners in our Incubator startups. @kipmcc @m2jr @mflager @joshuabaer ... @capitalfactory: This brings our 2014 Incubator companies a strong connection to a local VC and a Silicon Valley VC and a total of $150,000 investment. ... @capitalfactory: The matching investment is usually made using a convertible note with a $3m cap and 20% discount. 2 CF Partners must invest $25k each. ... @capitalfactory: 1. Join the Incubator 2. Convince two CF Partners to invest $25k each. 3. Get $50k from us and $25k each from @SilvertonVP and @Floodgate ... @capitalfactory: The list of CF Partners eligible for matching funds are labeled Partner on this page: ... @capitalfactory: In order to qualify for matching funds, startups must first be accepted to our Incubator. Apply at ... @joshuabaer: Big milestone today for @CapitalFactory -- announcing matching investments from @SilvertonVP and @Floodgate, 2 of the VC's I respect the most. ... @silvertonvp: We're excited to match investments made by @CapitalFactory Partners in 2014. For details, visit the FAQ ... @mflager: I'm excited to be working with even more great @CapitalFactory companies in 2014! ... @kipmcc: Iíve been a Mentor at @CapitalFactory since Day 1 & have since funded @SpareFoot @Famigo @RecycleMatch @NuveTeam from @SilvertonVP. Who's next? ... @m2jr: At least one Thunderlizard comes out of Austin each year. I want to find it, fund it and encourage more! via @CapitalFactory! ... @capitalfactory: Entrepreneurs interested in our matching investment should apply to the Incubator on @AngelList ... @capitalfactory: Press who want to learn more about our matching investment should contact @joshuabaer @kipmcc @m2jr @joshdilworth ... About Capital Factory : Capital Factory is the entrepreneurial center of gravity in Austin, Texas . Located in the middle of downtown, Capital Factory has 50,000 square feet full of startups and entrepreneurs. Members take classes to learn the skills that startups need, attend meet ups to find a co-founder, rent a desk for their startup or apply for funding and mentorship in the Incubator. Our mission is to improve entrepreneurial outcomes. We invest intellectual, social, human, and real capital in passionate entrepreneurs who want to change the world. In so doing we also create new jobs and new advantages for Central Texas . About Silverton Partners : Silverton Partners is an early-stage venture capital firm based in Austin, Texas . Silverton collaborates with exceptional entrepreneurs who are committed to attacking growth markets with cutting-edge products or services. The principals of Silverton Partners have over two decades of venture experience in IT infrastructure and management software. They have invested in start-ups such as Tivoli Systems (IPO/acquired by IBM), Hyper9 (acquired by Solar Winds), SpareFoot , WPEngine , and SailPoint . About FLOODGATE: FLOODGATE is a Silicon Valley based, early-stage micro-VC fund focused on startups that fundamentally disrupt existing large markets or create new market categories. The firm's portfolio includes consumer-focused companies such as Twitter, ngmoco, Modcloth, Lyft, Playdom , Refinery29, TaskRabbit, , Smule, and Weebly as well as business-focused companies such as Ayasdi, Bazaarvoice, BigCommerce, ClearSlide, DoubleDutch, Egnyte, Okta, SpareFoot, Spiceworks , UpThere, and Xamarin. Jones-Dilworth for Capital Factory Josh Jones-Dilworth , 917-209-2956 or Source: Capital Factory

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Business Wire

Story Tools