Capital Factory is the center of gravity for entrepreneurs in Texas. We provide Texans with a tech-centric work environment, event space, mentorship opportunities, an accelerator program, and funding opportunities.
Last year more than 100,000 entrepreneurs, programmers and designers gathered day and night for meetups, classes, and coworking. We meet the best entrepreneurs in Texas and introduce them to their first investors, employees, and customers.
How does your company differentiate itself from others in the region?
Capital Factory is all about the connections we make. All of the components and resources of Capital Factory are geared towards empowering and helping entrepreneurs start, grow, run and even sell their startups.Capital Factory members are primarily tech focused, and thus all speak the same language—tech. Capital Factory actively works to connect members to their next employee, co-founder, CTO, or mentor through meetings, events, and mentor sessions.
Texas is home to some of the most cutting-edge and innovative companies in the country. In your own words, what can this be attributed to?
Texans are scrappy and focused, which has lead to Texas becoming a leader in innovation as part of a global ecosystem. We have 4 of the 11 largest cities in the country that are all within driving distance of each other. No city lives in isolation anymore. We are all connected. Our economies are connected. Our food systems are connected. Our health systems are connected. More connections means more business, more investors, more revenue, more growth, and more innovation.
What is your mission?
My mission is to help people quit their jobs and become entrepreneurs. I believe this is what I was put on the Earth to do, and it is the biggest impact I can have on individual people as well as on all of human society. Entrepreneurship is a gift that brings financial independence and, at the same time, the skills and resources to e ect positive change in the world. Entrepreneurs are changemakers and innovators by definition and helping to create just one has a ripple effect that is felt by thousands of people.
Why did you found Capital Factory?
I started angel investing around the time that I sold my first company in 2005. Pretty quickly I learned that there were basically two kinds of angel investors—purely financial investors who are looking to maximize their financial return on each individual deal and successful entrepreneurs whose personal reputation is more important than any one individual deal. I invest in startups to pay it forward and help other people change the world. It’s only sustainable if it makes money, but that’s not the primary motivator. Capital Factory was started as a way to get together with other angel investors who had a similar philosophy. From there it grew into a mentoring program, a matching investment fund and syndicate, a coworking space, an event center, and ecosystem.
A version of this Thought Leaders article was first published in Dallas Innovates 2019—The Magazine.
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Dallas Innovates 2019—The Magazine explores the region as a rising tech hub that will shape the future of innovation. The theme of our second annual print publication, “A Breakout Moment,” explores why now is the time for the region to grab its place in the tech universe.
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