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Austin Armstrong (left) and Austin Carroll have settled in the Triangle and want other innovators to do the same.<\/p>\nFor many entrepreneurs, the Triangle is a place you leave to build something big, only to realize later that everything you needed was already here. That\u2019s the story of Austin Armstrong and his wife, Austin Carroll. After moving to and from the region multiple times over the last six years, they\u2019ve finally planted roots with a mission that goes beyond real estate.<\/p>\n
During Raleigh-Durham Startup Week, the duo is officially unveiling Bullhouse, a venture designed to be the “living room for founders, by founders.”<\/p>\n
\t\t\t\t\t\t\tAustin Armstrong (left) and Austin Carroll have settled in the Triangle and want other innovators to do the same.<\/p>\n
\t\t\t\t\t\t\tStemming the “brain drain”<\/p>\n
The core problem Bullhouse aims to solve has long frustrated local economic developers: talent retention. While Duke, UNC and NC State produce world-class innovators, many graduates head to the coasts the moment they toss their caps.<\/p>\n
Bullhouse is Armstrong\u2019s answer to that exodus. By combining a high-end event space with a dedicated co-working area, the venture provides a reason for early-stage companies to stay. The model is unique: Bullhouse offers free space for companies they invest in, specifically those disrupting fintech, sports tech, health tech, defense tech and martech.<\/p>\n
\t\t\t\t\t\t\tThe Bullhouse Initiative: Beyond the desk<\/p>\n
Austin Armstrong, a serial entrepreneur with a social media following of more than 5 million,\u00a0 explained the vision. \u201cBullhouse isn’t just about providing a desk and Wi-Fi,” he said, \u201cIt\u2019s about building a community space designed to support a cohort of 10 to 15 full-time, committed founders.<\/p>\n
“We want to provide consistent education and programming,” Armstrong explained. “It\u2019s about creating a space where founders don\u2019t feel like they\u2019re building in a vacuum.”<\/p>\n
By providing a curated environment, Bullhouse acts as a physical incubator. Armstrong and Carroll aren\u2019t just landlords; they\u2019re active participants, writing individual checks and forming Special Purpose Vehicles (SPVs) for larger investment rounds on a case-by-case basis.<\/p>\n
\t\t\t\t\t\t\tThe Big Reveal: Raleigh-Durham Startup Week<\/p>\n
The Triangle startup community will get its first full look at the vision on Wednesday. As part of Startup Week, Bullhouse is hosting an open house from 5:30 to 8 p.m.<\/p>\n
This isn\u2019t just a cocktail hour. The event will showcase the full suite of facilities, including:<\/p>\n
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Bullhouse includes a podcasting space to help get the word out about big ideas.<\/p>\n
The evening will also feature a mini-pitch competition with cash prizes, giving the community a taste of the “founder-first” energy Bullhouse intends to cultivate year-round.<\/p>\n
\u201cThe Triangle doesn’t need more office space,\u201d said Armstrong, \u201cit needs more community.\u201d<\/p>\n
Tech founders are encouraged to reach out to Armstrong and Carroll to learn more about how they are supporting local startups.\u00a0<\/p>\n