It’s been said that diversity drives innovation. And a new report points toward a lack of investment diversification in the Fort Worth startup scene as one reason why Funky Town falls behind Dallas in terms of density and VC funding.
Using PitchBook data from the last two decades, entrepreneurial networking organization Sparkyard found the despite accounting for only 10 percent of the Fort Worth ecosystem, startups in the energy industry made up about 60 percent of VC deals.
“This has led…