“Venture capital investment in Austin has been on the rise.

VC funding hit $1.3 billion in 2018, the highest on record since the dot-com boom in 2000, according to the MoneyTree Report from PwC and CB Insights. That’s up 70 percent from $783 million in 2017.

Yet California deals still get more than 50 percent of the $98.5 billion in VC capital invested in 2018, according to the report.

During a fundraising panel on Texas’ Growing Venture Market: What’s Changing and Ecosystem Impact during Austin Startup Week, Charlie Plauche, a partner in S3 Ventures in Austin, gave an overview of Texas’ growing venture market.”

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