Last week several partners from New York-based venture capital firm StarVest Partners came to Austin to meet and greet the technology community in Austin, and they did it Texas style at Lambert’s BBQ. It was great fun to meet people from the firm, and also some of the emerging technology companies that were represented. According to the partners, they are very willing to lead an investment in a company that they are interested in. This is good news to many companies who are typically required to get a local VC firm to take the lead on a deal. They are particularly interested in startups that are offering their software as a service (SaaS). StarVest is the only venture investor in NetSuite, which filed for an IPO over the summer. They really like the business model, and I’m sure an IPO doesn’t hurt the fund’s ROI either.

What they bring to an Austin-based company is some great contacts in New York. Lets face it, New York is the corporate headquarters of many fortune class companies. They are open to looking at your deal, so consider them if venture capital is the right action at the right time for your company.

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