Facebook investor Jim Breyer picks Austin as Breyer Capitals second home
For Jim Breyer, the mantra, Silicon Valley is a state of mind has always been behind Breyer Capital, his personal investment fund.
While many of his investments and board seats backed that thesis, Breyer had never established an office for his personal fund outside of the Valley.
The move is a sign of Austins growing clout as a technology hub and another indication that Silicon Valley, New York and Boston may have more competition from a growing collection of cities for tech talent and national attention.
Breyer has always had an eye on markets outside the Valley, but typically those endeavors meant international expansion through IDG Breyer or planned forays to deploy capital in the Middle East or other international tech hotspots.
The new Austin effort comes after several years of thinking through where would be the most interesting place to expand Breyer Capital outside of Silicon Valley, he said in an interview.
Breyer has several investments in Los Angeles, New York and other cities beyond the Bay Area, but a close relationship with Michael Dell and a seat on the Dell board left him with a hankering for more than just barbecue and personal computers.
We use cookies and analyse traffic to this site. By continuing to use this site, closing this banner, or clicking "I Agree", you agree to the use of cookies. Read our privacy poplicy for more information.