Capital Factory Gives Austin Its Own Startup Incubator

While many people in the tech world only make the trek to Austin, Texas once a year for SXSW, the city has a fairly sizable startup community. Now Austin is getting its own Y Combinator -esque program, dubbed Capital Factory . As with other similar programs, Capital Factory offers entrepreneurs a modest amount of funding in exchange for equity (the program is offering 'up to $20,000' in exchange for 5% of each startup). Capital Factory is also advertising '$20,000 in free stuff ', which includes server usage, PR support, and legal help. But the real value from these programs comes from their associated mentors, who work with the startups to help them get on their feet, and help tap into their established networks of VCs and other entrepreneurs.