Texas AG offers lackluster ruling on F1 funds
Attorney General Greg Abbott has issued an opinion on State Comptroller Susan Combs’ authority to pledge state funds for the Formula One U.S. Grand Prix race — sort of.
The Attorney General did not rule whether Combs had the authority to commit $250 million from the Major Events Trust Funds over a 10-year period, but stated that the comptroller is required by law to follow certain procedures.
“Whether she in fact did so requires a resolution of facts not amenable to the opinion process,”...
Read more
Entrepreneurs: Silicon Valley is better than Austin
From a startup company perspective, Austin is definitely not Silicon Valley and it probably shouldn’t even try to be.
Four entrepreneurs who moved their young technology companies from Austin to Silicon Valley said Friday the San Francisco Bay Area is more conducive to startups because the area’s number of venture capital firms has made investors more aggressive and more tolerant of risk. Such dynamics provide a fertile ground for tech companies planning to grow quickly, they said during a panel...
Read more
‘Happy chic’ designer Jonathan Adler opens Austin store
Jonathan Adler, celebrity interior designer and purveyor of “happy chic” furniture and home accessories, opened his first Austin store today at 1011 W. Fifth St.
The 3,500-square-foot store carries an assortment of Adler’s designs including decorative objects, bedding, bath accessories, candles, rugs, pillows, furniture and lighting.
Adler was the lead judge on Bravo network’s “Top Design” show. His company’s motto is “If your heirs won’t fight over it, we won’t make it.”
Want...
Read more
Java venture proves to be challenging labor of passion
Victoria Lynden knows firsthand that inspiration can hit an entrepreneur at any time. Lynden “never really had the intention of starting a coffee company” until, while vacationing on the North Shore in Hawaii, she sampled the decadent kona coffee that became the inspiration behind Kohana Coffee.
Once the idea struck, the challenge was breaking into the field as a small, woman-owned company. At the time, Lynden, a serial entrepreneur and CEO of Alliance Abroad Group, was opening Cissi’s Market...
Read more
Filing shows $3K more in funding for Mass Relevance
A Friday regulatory filing by Twitter curator Mass Relevance Inc. provided additional details about the company’s financing announced earlier this week.
Austin-based Mass Relevance previously announced a $3.3 million Series A round of funding but the company actually received $3.6 million from 10 investors, according to the Friday filing with the U.S. Securities and Exchange Commission.
Mass Relevance, which launched in 2010, manages Twitter messages for clients. The company employed 10 workers...
Read more
