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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Startup funding up 20 percent in 4Q

 

BARBARA ORTUTAY, AP Technology Writer

 

 


NEW YORK (AP) — Funding for U.S. startups increased 20 percent in the final three months of 2013 as venture capitalists poured more money into more deals, according to a report released Friday.

Startup investments totaled $8.37 billion in the October-December period, up from $6.95 billion in the fourth quarter of 2012. There were 1,077 deals completed in the quarter, up from 1,050 a year earlier. Software companies received the most money, with biotech a distant second.

Popular online pinboard Pinterest Inc. snagged the most money in the quarter — $225 million from venture-capitalist firms Andreessen Horowitz, Bessemer Venture Partners and others.

The MoneyTree study was conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.

For the full year, total VC funding grew 7 percent to $29.4 billion from $27.3 billion in 2012 — but it was lower than the $29.7 billion in 2011.

Although it didn't grab as many headlines as consumer-facing startups such as Pinterest, a Texas networking technology company called Genband received the top deal in 2013, with $343 million. Cab-hailing app Uber Technologies came in second with $258 million. Pinterest, which like Uber is based in San Francisco, took both the No. 3 and the No. 4 spots with two deals totaling $425 million.

Call it a bubble or a boom, it was a big year for Internet-specific companies, which captured $7.1 billion in funding in 2013 — the highest level of investment since 2001. Software companies, some of which also counted as Internet startups, received the most funding since 2000 with $11 billion poured into 1,523 deals. Money going to software startups accounted for 37 percent of the year's VC investment, the highest since the MoneyTree report started in 1995.


 

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