“[Dallas] entrepreneurs tend to do more with less and are focused on controlling their destiny.”
Vik Thapar
Managing Director
Cypress Growth Capital
.…on why Dallas startup founders are drawn to his firm’s equity-preserving approach.
Dallas has proven to be an ideal home base for Cypress Growth Capital, according to Thapar. The firm’s unique model is defying norms in the funding landscape with an equity-preserving approach.
And startup founders in North Texas seem to like what they see.
“It’s a perfect market for us, and I don’t see it slowing down,” said Thapar (seen above at left with firm Co-Founders Barton Goodwin and Ed Mello).
Cypress recently made its landmark 50th portfolio investment with a $4 million stake in Utah’s ChartSquad, a medical records software provider disrupting the $10 billion industry.
“We have been extremely busy investing in companies while many investors are sitting on the sideline waiting for an autocorrection,” Thapar told us.
Cypress is focused on companies that haven’t raised significant capital previously and are now seeking smaller investments—often between $1 and $5 million—to fuel their growth. The firm’s approach, which emphasizes giving these companies greater control and flexibility, appears to be a thriving model.
Thapar peels back the curtain on his firm in our story, which you can read here.
For more of who said what about all things North Texas, check out Every Last Word.
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R E A D N E X T
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Dallas-based Cypress Growth Capital is defying norms in the funding landscape. Not your traditional venture capitalist, this trailblazing firm hit a landmark with its 50th portfolio investment—and fourth major play this year—a $4 million stake in medical records disruptor, ChartSquad. Managing Director Vik Thapar peels back the curtain on the firm's unique model, which fosters rapid growth without diluting entrepreneurial control.
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Read “who said what” in our roundup of quotes about all things North Texas, including ENO8's Jeff Francis; MyndVR's Chris Brickler and Ted Werth; Axxess' John Olajide; the Urban Land Institute's Ron Pressman; Dallas Mayor Eric Johnson; the Mavs Foundation's Katie Edwards; UT Arlington's Yi Hong; HomeUSA.com's Ben Caballero; ParkHub's George Baker Sr.; and more.
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