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September 01, 2020 1:41pm
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Austin VC firm Silverton Partners stockpiles $248M to invest in startups

Silverton Partners has a huge new pile of cash — its largest ever, spread across a new flagship fund and a separate fund for follow-on investments. The fundraising comes at an opportune time, according to Managing Partner Morgan Flager, despite tumult in tech stocks and some decline in valuations: "It's certainly good for us because we want to be the person there watering those seeds and caring for them and making sure that we get to the next level and not have to over-capitalize these businesses from the jump in order for them to be competitive."
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