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Texas lags in venture capitalApril 3, 2014
CHRIS TOMLINSON, Associated Press
AUSTIN, Texas (AP) — Texas is not getting its share of venture capital investment, but experts disagree on how to remedy the problem.
Experts in venture capital told the Texas House Economic and Small Business Development Committee on Thursday that many factors attract early investment in new companies. But they recommended different ways for lawmakers to encourage more venture capitalists in Texas.
The experts said success depends on thriving industries, academic research and a friendly business environment. Recommendations included investing taxpayer money in new firms, better funding for universities and improved roads and other critical infrastructure.
House Speaker Joe Straus asked the committee to study venture capital investment in the state and compare it to what is happening elsewhere. The committee will draft legislation to be considered when the Legislature meets again in January.