I&#x27;ve said that town&#x27;s reputation is a sham for years.<p>The reason it&#x27;s hard to get funding is because there&#x27;s never really been a large VC there except for Austin Ventures, who 1) everyone saw as a Faustian bargain 2) has been hammered by investors for the past 3-4 years 3) is now broken up.<p>To make matters worse, there aren&#x27;t any large enterprise customers.  There&#x27;s two Fortune 500 companies - Dell and Whole Foods, and the later is not a tech company.  Sure, Apple, Google, Samsung, etc. all have <i>presences</i> there, but decision making is still in San Jose and New York.