Today: Jul 20, 2024

Texas-Squared: Amped Up Startup Newsletter #432

7 months ago

Here are the key elements of the article:

  • Consumer Packaged Growth Funds is a new investment syndicate focused on early-stage CPG brands.
  • Matthew Espinosa has taken charge of Launch SA to boost San Antonio’s entrepreneurism.
  • An overview of Austin’s year in review.
  • UT is expanding semiconductor research capabilities through a $175M project in North Austin.
  • Round Rock businesses are advocating for more billboards along I-35 and SH 45.
  • The delay in production schedule at the new Samsung factory.
  • Wells Fargo economists predict rate cuts and anticipate a mild recession in 2024.
  • A temporary closure of liquor stores in Texas.

Consumer Packaged Growth Funds is a new investment syndicate managed by Jeff Jacobs and Marc Nathan. The syndicate focuses on investing in early-stage emerging consumer packaged goods (CPG) brands. Angel investors looking for VIP access to new opportunities can apply to join the syndicate. This announcement highlights the growing importance of the CPG sector in the startup ecosystem.

Matthew Espinosa, former director at Geekdom, is now leading Launch SA, San Antonio’s Small Business Resource Center. Espinosa aims to bring new vigor and support to the city’s entrepreneurs. This leadership change signals a renewed focus on fostering small business growth and innovation in San Antonio.

The article briefly covers Austin’s year in review, highlighting key events and developments. This provides readers with a snapshot of the city’s progress and achievements over the past year, giving context to the current startup and tech landscape in Austin.

The University of Texas (UT) is investing $175 million to expand semiconductor research capabilities in North Austin. This project aims to enhance UT’s research infrastructure and support advancements in semiconductor technology. This investment demonstrates the commitment to fostering innovation and research in the tech sector.

In Round Rock, businesses are advocating for more billboards along major highways I-35 and SH 45. These businesses believe that increased visibility through billboards will attract more customers and drive economic growth for the area. This article highlights the importance of advertising and marketing strategies for businesses to thrive.

The article mentions a delay in production schedule at Samsung’s new factory. The report does not provide further details about the cause or impact of the delay, but it emphasizes the significance of the factory and its potential implications for the tech industry in Texas.

Wells Fargo economists predict rate cuts and anticipate a mild recession in 2024. While the article does not provide extensive analysis or context for this prediction, it signals potential economic challenges in the future and may be of interest to investors and business owners.

Lastly, the article mentions a temporary closure of liquor stores in Texas for a 61-hour period without specifying the reason behind this closure. While the duration suggests it may be related to a specific event or regulation, more information would be needed to fully understand the significance of this closure.