Capital Factory

The Last Word: Co-Founder Brent Bushnell on Engineering Entertainment and Social Fun at Dallas’ New Two Bit Circus

by | Jan 11, 2023
After a soft open two months ago, Two Bit Circus officially launched yesterday at Dallas' Shops of Park Lane, featuring 35,000 square feet of tech-enhanced entertainment. Attractions include arcade games; VR, AR, and "extended reality" experiences; "story rooms"; reimagined carnival games; and more. We talked to the co-founders about how playing in groups is a big part of the fun, why their VR games prove "humans are hackable," and more.

Here's a look inside the Texas-sized micro-amusement park.
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Legendary Dallas Innovator John Carmack Raises $20M for Artificial General Intelligence Startup Keen Technologies
by | Dec 16, 2022
Carmack—the former CTO of VR giant Oculus—has taken goggle-gazing to the next level, programmed Doom and Quake, and founded a Mesquite-based space tourism startup. Now he's on a mission he says "could change the course of human history": artificial general intelligence. Keen's focus on AGI could lead to "something that behaves like a human being or like a living creature, and that can then be educated in whatever ways that we need to," he says.

Carmack believes AGI will hit the market in less than a decade. enabling AIs to interact socially with each other—or with actual people.  
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‘It’s a Different World Out There’: Investors Share Their Insights on the Changing Funding Landscape
by | Nov 14, 2022
At the recent Venture Dallas conference, a panel of leading investors talked market trends and shared insights to help those on both sides of the cap table. Here are key takeaways—from tips for fundraising founders to what startups need to offer to what makes Dallas an exciting place to invest. “As an entrepreneur, just hustle. Don't take ‘No’ for an answer. You're going to get a lot of ‘No’s,’ so just keep at it," said Pialy Aditya, chief strategy officer at Republic.
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SMU Is Bringing Its ‘Innovative Biotech Research’ to Pegasus Park

by | Oct 24, 2022
The Biotech+ Hub at Pegasus Park in Dallas has been attracting more and more life science startups and university teams. Now a whole herd of Mustangs are about to stampede there. The SMU Institute for Computational Biosciences at Pegasus Park will have space at the 23-acre development. SMU researchers from a variety of disciplines will be focusing on bio-scientific discoveries, leveraging advanced computational algorithms and technologies.

"We're excited to give SMU faculty this new opportunity to pursue world-changing research for good and to do so in close proximity to a broad range of academic, medical, corporate, and non-profit collaborators," says SMU Provost Elizabeth Loboa. "We're excited to give SMU faculty this new opportunity to pursue world-changing research for good and to do so in close proximity to a broad range of academic, medical, corporate, and non-profit collaborators," says SMU Provost Elizabeth Loboa.
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Venture Dallas Brings ‘the Premier Venture Capital Conference in North Texas’ to George W. Bush Presidential Center this November
by | Oct 4, 2022
Venture Dallas 2022—a full-day conference to be held Nov. 3 at the George W. Bush Presidential Center—will connect investors from all over the U.S with the “best founders in our region” with the goal of sparking “collisions” and “meaningful connections," co-founder Aaron Pierce says. He adds that those could potentially lead to fundings—and successful exits. Here's a look at why the North Texas startup and VC scene is hopping, and what Venture Dallas 2022 could mean for you.
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Follow the Money: Book.io Aims to Put E-Books on the Blockchain with New Funding, Tech Startup Kalpa Aims to Raise $1M, and More
by | Sep 30, 2022
In this week’s North Texas deal flow, you’ll also find news about crowdfunding platform Harvest Return landing $2.5M; Supply’s acquisition by Foundry Brands; Moss Adams acquiring local CPA firm Kurtz & Company P.C.; Tri Global Energy being acquired for $270M by Canada's Enbridge; and more.
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With Fresh Funding, Firehawk Aerospace Is Developing Rocket Engines and 3D-Printed Fuel As It Plans Move to New HQ in Addison
by | Sep 28, 2022
Firehawk Aerospace is developing hybrid rocket engines and 3D-printed solid rocket fuel to provide a safer, more cost-effective approach to launching payloads as it nears the close of a $17 million fundraising effort.

Co-founder and CEO Will Edwards has said his company's rocket engine "will power the next generation missile and defense systems and plans to support both launch and other systems requiring in-space propulsion."
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Follow the Money: Southlake Biotech Raises $14.9M, American Airlines Invests in Innovative Engine Maker, and More

by | Aug 8, 2022
Plus: 7-Eleven acquires last-mile delivery startup; American Heart Association invests in $43M healthcare innovation fund; Fort Worth real estate investors raise $32.4M for new fund; Dallas College Lands $8.8M to boost biotech workforce; UT Southwestern researchers land funding for hypothermia therapy study; and more North Texas deals.
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Follow the Money: Dallas Unicorn Adds Cisco Investments as New Backer; Fort Worth Glove Maker Lands $58M for Facility, HQ Upgrades; and More
by | Jul 29, 2022
Plus: Southlake SPAC to take financial services firm public; real estate startup Nada Closes $8.1M seed round; Southlake PE firm is raising two biotech-focused funds; Jones family-backed investment firm acquires travel software company; and more North Texas deals.
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Dallas-Based Nada Closes $8.1M Seed Round to Make Real Estate Investments More Accessible to All
by | Jul 27, 2022
Nada's Cityfunds enable people to invest in single-family rental homes and fractionally invest in owner-occupied homes in Dallas, Austin, and Miami. With the new funding, Nada plans to expand Cityfunds to six new cities, grow its Oak Lawn-based staff to around 60, and develop a home equity-accessing debit card.

“We fundamentally believe that we can make a material difference to people's lives by making real estate as an asset more accessible,” co-founder and CEO John Green told Dallas Innovates.
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Follow the Money: Sherman Lands $5B Silicon Wafer Plant; Dallas Investment Firm Raising $35M Fund, Robotics Startup Raises $14.6M from Local VCs, and More
by | Jun 24, 2022
Plus, Primoris Services acquires PLH Group for $470M; Keurig Dr Pepper acquires rights to non-alcoholic cocktail brand; Harvest Returns raises $4M for new fund; and more North Texas deals.
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Health Supernova 2022: Scenes from a Dallas Startup Crawl

Capital Factory is celebrating its plans to launch the Center for Health Innovation at Pegasus Park in Dallas.

Partnering with companies like McKesson and Blue Cross and Blue Shield of Texas’ C1 Innovation Lab, it expects to open the doors to the new center before the end of 2023.
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Center of Gravity: Capital Factory Kicks Off New Dallas Digs With Startup Crawl and Health Supernova Event
by | May 6, 2022
Earlier this week, the Austin-based accelerator and investor announced its plans to launch a Center for Health Innovation at Pegasus Park in Dallas.
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DI People: Match Group, Island, UT Southwestern, BBG, and More Announce Leadership Moves
by | May 6, 2022
In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from Techstars Physical Health Fort Worth Accelerator, Divurgent, IKS Health, Invitation Homes, Comerica, New Friends New Life, Lennox, Trademark Property, Golden State Foods, and Catapult Health.
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Capital Factory Opening Center for Health Innovation at Pegasus Park in Dallas
by | May 5, 2022
The Austin-based accelerator and investor plans to launch its Center for Health Innovation at Pegasus Park in Dallas by end of 2023. Its goal: connecting startups locally and across the state with each other, as well as other corporate and research players in the space.

“We're in the business of erasing boundaries in Texas—full stop,” President and Co-Founder Bryan Chambers told Dallas Innovates.
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