Oct 17, 2013

Today we’re announcing that Hurt+Harbach is no longer. It’s a bittersweet ending. A week ago Brett decided that his hopes and dreams ultimately lie elsewhere, and we agreed that ripping the band-aid off in quick order was best.

This was a very hard decision for Brett to make, and I support him fully in it. Truly. Brett and I will continue collaborating informally as friends. There is no static between us, no drama. I understand his decision and respect it. This is the right call. You should read Brett’s blog post here for a firsthand account.

Like I tell the entrepreneurs I mentor, startup life is intense, and all encompassing. You have to be all-in. If you’re not, it’s best to admit your hesitations as early as possible, even if it’s difficult or inconvenient.

When I first met with Brett about joining me to start a new VC in Austin, it was his openness and willingness to pitch in and help entrepreneurs that impressed me most. That part of Brett’s contribution to the community isn’t going anywhere.

The opportunity that we were so excited about still exists in Austin. Austin for its part is still an incredible place for building exciting startups into great businesses. Austin is still on a remarkable growth curve. Austin is still a compelling investment thesis. And I think Austin still needs the added value Hurt+Harbach would have provided.

Hurt+Harbach’s entrance and exit from Austin have been a humbling experience for me. For good reason I went soul-searching this past week. I looked myself in the mirror and asked the hard questions that it’s healthy to ask yourself from time to time. I also took a lot of time to speak with those people I trust most. To that point, I want to publicly thank my incredible wife Christa for her near-infinite patience and unconditional support. I am beyond blessed to have such a loving and supportive partner and best friend when challenges arise. It was good to recharge, and emerge newly centered.

I still feel like the wind is at my back because of the incredible communities here in Austin of which I am very fortunate to be a part. At the end of the day, a meaningful life is measured by the relationships that we build. In Austin and in Texas, I’ve met remarkable entrepreneurs, investors, business leaders, and innovators every step of the way. To each of you, thank you for your friendship and collaboration. I am likewise deeply in debt to my mentors and advisors, who have been especially generous with their time over the last few days.

I'm going to take a couple of weeks to figure out my next steps, but I'm likely to continue pursuing the same opportunity of introducing smart, engaged, connected capital to the Austin ecosystem. I will definitely update my blog as these next steps materialize.

I would like to thank each one of you for your interest in our firm. We shared our vision with you, and you shared your enthusiasm and support with us. I will continue to be as involved in Austin’s entrepreneurial community as I ever have been, if not more. I’m still committed to solving the same problems, and I’m going to keep attacking them. Bring it on.

Thank you so much for listening and for understanding. As always, I’d love to hear your thoughts, comments, reactions, and concerns. Leave a comment below, email me, and stay in touch!

And most importantly…stay tuned!

Jeff Harbach
Entrepreneur. Investor. Mentor.

Previous articles

Oct 8, 2013