Houston-based international law firm forms partnerships with local startup accelerators
In order to keep up with the growing startup ecosystem in Houston, Baker Botts is connecting the dots between its Silicon Valley venture and entrepreneurial hub to strategic partnerships in its headquarters of Houston.
Houston-based Baker Botts L.L.P., an international technology and energy law firm, established its Emerging Companies and Venture Capital arm in Palo Alto, California, in 2009. Now, in order to tap into Texas startups, the firm has created strategic partnerships with three accelerator organizations: The Cannon, Station Houston, and Capital Factory.
"These three strategic partnerships provide an exciting opportunity to showcase the depth and breadth of our technology sector experience in the startup, venture capital and entrepreneur community," says Baker Botts managing partner, John Martin, in a release. "We have a history of working with emerging and technology companies throughout their full life cycle, and we expect these partnerships will expand those opportunities more broadly. Some of our firm's largest clients are businesses with which we have worked since they were startups themselves."
This news comes on the heels of The Ion breaking ground on July 19, the release notes, which represents another major collaborative effort and advancement of innovation in Houston.
"It is exciting to see Baker Botts expand its involvement with the Houston startup ecosystem," says Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship, in the release. "The firm has a long history of supporting entrepreneurs in the region and has been a partner and supporter of the Rice Alliance and the Rice Business Plan Competition since 2002. The firm's expertise and connections will be of great value to startups in the Houston region. With the launch of the Ion in midtown, the launch of new accelerators, and the support of firms like Baker Botts, Houston is poised to transform its entrepreneurial landscape."
The strategic partnerships will put each accelerator and innovation hub in direct communication with Baker Botts' Emerging Company and Venture Capital practice, led by Brian Lee, partner-in-charge of the firm's Palo Alto office. The ECVC provides advice for entrepreneurs and startups, as well as connects them with investors and various industry professionals.
"In forming these partnerships, Baker Botts will be working with a range of innovative, Texas-based companies from the ground up," says Samantha Crispin, Baker Botts' technology sector chair, in the release. "One of the most intriguing aspects of these partnerships is the expected cross-pollination of our Texas and California ECVC practices and that the most promising companies will gain exposure to potential investors, including those in Silicon Valley."