Wednesday, September 30, 2020

Facebook investor Jim Breyer picks Austin as Breyer Capital’s second home

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‘I grew to adore Austin both of those personally and professionally’

For Jim Breyer, the mantra, “Silicon Valley is a condition of mind” has always been powering Breyer Cash, his own financial investment fund.

Although quite a few of his investments and board seats (which have integrated Fb, Blackstone, 21st Century Fox, Dell, Etsy, Marvel Leisure and Walmart) backed that thesis, Breyer experienced under no circumstances established an office environment for his own fund exterior of the Valley. Right up until now. 

Before this yr, in the middle of a pandemic, he established up a 2nd property for his own fund in Austin, Texas. The shift is a indication of Austin’s increasing clout as a technology hub and a further sign that Silicon Valley, New York and Boston may have more competition from a increasing collection of metropolitan areas for tech talent and national interest.

Breyer has usually had an eye on marketplaces outdoors the Valley, but usually these endeavors intended international expansion through IDG Breyer (a motor vehicle for expense into China) or planned forays to deploy cash in the Middle East or other worldwide tech hotspots.  

“The new Austin work will come soon after various yrs of wondering by means of wherever would be the most interesting place to increase Breyer Cashoutside of Silicon Valley,” he claimed in an job interview.

Breyer has many investments in Los Angeles, New York and other cities past the Bay Space, but a shut connection with Michael Dell and a seat on the Dell board left him with a hankering for a lot more than just barbecue and individual personal computers.

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