Silicon Valley tech writer rips VCs for comments following Austin's Prop 1 vote
Sarah Lacy, a long-time Silicon Valley journalist, is calling out venture capitalists who have threatened not to do deals in Austin following the Prop 1 vote.
Lacy, founder and editor-in-chief of tech site Pando, writes in a post on the site that Tweets by investors vowing to say away from Austin "are just silly, condescending or insulting. They make the bias against Silicon Valley greater, but are harmless beyond that."
"More troubling is the increasing drumbeat that these investors don't consider Austin a serious startup hub because two of the thousands of companies founded every year aren't allowed to compete there without complying with the law," she wrote.
"You are saying you are going to penalize entrepreneurs working in a city, because its broader electorate wants two services to be safer?" Lacy adds. "These are supposed to be mass market products. What's next? You only get a seed round if you have a Facebook profile? If you're on Slack?"
