where to be online

8+ can't-miss Houston business and innovation events online in January ​

Register for some of these informative online events happening throughout the month of January. Photo via Getty Images

It's a whole new year, but Houston is cranking out the same great business and innovation-focused events.

Here's a roundup of virtual events not to miss this month — from workshops and webinars to summits and pitch parties. Note: This post will be updated to add more events.

January 6 — The New Relief Package - Explained by SBA

With the passage of the Consolidated Appropriations Act 2021, a $2.3 trillion spending bill, a new round of stimulus funding will soon be available. Join the Houston Asian Chamber of Commerce for a discussion with Tim Jeffcoat, Director of the U.S. Small Business Administration in Houston as we navigate what this means for small businesses and how you can apply for Paycheck Protection Programs and Economic Injury Disaster Loans as well as other SBA loans.

The event is on Wednesday, January 6, at 10 am. It's free and can be accessed online. Click here to register.

January 13 — How to Change Careers: Oil and Gas

The way we work is changing. Some might feel a stronger push to make a change. If you are looking for a career transition, I invite you to explore innovative career paths in energy and Oil & Gas. How can you pursue a career change during uncertainty? By leaning into the changes happening in the world. We are at a crossroads and many things will now evolve - let's contribute our skills, passion and drive to participate in this evolution.

The General Assembly event is on Wednesday, January 13, at noon. It's free and can be accessed online. Click here to register.

January 13 — Saudi Aramco Energy Ventures - Investment Directions in the new Energy Landscape

As 2021 begins, the world has seen dramatic volatility in the entire energy landscape, with demand for hydrocarbons seeing precipitous drops, while renewable energy investment has increased, as many countries across the world prioritize meeting the COP21 agreement and other ESG concerns. Jim Sledzik is the Managing Director of the North America team of Saudi Aramco Energy Ventures will discuss current and ongoing investment directions and themes for SAEV. He'll give insight to aspiring entrepreneurs on what are investable propositions for SAEV across the entire energy landscape.

The event is on Wednesday, January 13, at 4 pm. It's free and can be accessed online. Click here to register.

January 14 — Plaza Tec: How We Made it Big

Learn from Latinx founders about their experiences accessing funding, using technology to grow/pivot, and hurdles they have overcome. This event is designed by The Ion to give you a set of tools and pathways to help you navigate your business and take advantage of technology to help you grow. Every business has failures. No business succeeds without some change of plan. Join us for a founders focus event on "How We Made It Big" to learn how to use resources available in the tech and innovation ecosystem to help your business grow.

The event is on Thursday, January 14, at noon. It's free and can be accessed online. Click here to register.

January 14 — Intro to Fundraising & Ask Me Anything: Defense Edition with Craig Cummings

Join Capital Factory virtually to hear an overview from experienced entrepreneurs, venture capitalists, and angel investors at Intro to Fundraising & Ask Me Anything: Defense Edition. Get a chance to introduce yourself and ask any questions on funding and other related topics.

The event is on Thursday, January 14, at 2 pm. It's free and can be accessed online. Click here to register.

January 16 — Enventure Basecamp - Business Building Workshop

Enventure's community-driven business building Basecamp series returns this October to support a local innovator with their healthcare venture. This event will be virtual. All experience levels are welcome, this is an excellent learning and networking opportunity.

The event is on Saturday, January 16, at 9 am. It's free and can be accessed online. Click here to register.

January 22 — The Village School's Innovation Day

The Village School's annual Innovation Day is a celebration of ideas and solutions created by students to tackle today's most pressing problems — such as designing solutions to live on Mars in zero gravity, composing and scoring music through computer software and high school entrepreneurs who are running their own businesses.

The event is on Friday, January 22, at 9 am. It's free and can be accessed online. Click here to register.

January 21 — Angel Investing 101 Series | Urban Capital Network

Join Urban Capital Network (UCN) and their special guest(s) who will talk about and share their experiences in early-stage investing. Target audience includes current and future investors interested in learning about early-stage angel investing and hearing first-hand experiences from talented and seasoned panelists, as well as entrepreneurs interested in learning more about the capital raising process and lifecycle.

The event is on Thursday, January 21, at 5:30 pm. It's free and can be accessed online. Click here to register.

January 27 — Houston Startup Showcase

The Houston Startup Showcase is a flagship event from The Ion, formerly known as Demo Day. This event will allow for developing companies to receive feedback from subject matter experts and showcase their successes thus far. The event is a year-long series of monthly pitch competitions, and results in a final winner to close the series in November. Companies are encouraged to apply online to pitch.

The event is on Wednesday, January 27, at 6 pm. It's free and can be accessed online. Click here to register.

January 28 — Building a More Inclusive Startup

Starting off with the first of a series of four DEI workshops, this interactive event, co-hosted by Greentown Labs and Aleria Research, will provide you actionable frameworks, tools, and resources to empower your team to build a more inclusive startup.

The event is on Thursday, January 28, at 11 am. It's free and can be accessed online. Click here to register.

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Building Houston

 
 

Last weekend was a tumultuous one for founders and funders in Houston and beyond. Here's what lessons were learned. Photo via Getty Images

Last week, Houston founder Emily Cisek was in between meetings with customers and potential investors in Austin while she was in town for SXSW. She was aware of the uncertainty with Silicon Valley Bank, but the significance of what was happening didn't hit her until she got into an Uber on Friday only to find that her payment was declined.

“Being positive in nature as I am, and with the close relationship that I have with SVB and how they’ve truly been a partner, I just thought, ‘OK, they’re going to figure it out. I trust in them,'” Cisek says.

Like many startup founders, Cisek, the CEO of The Postage, a Houston-based tech platform that enables digital legacy planning tools, is a Silicon Valley Bank customer. Within a few hours, she rallied her board and team to figure out what they needed to do, including making plans for payroll. She juggled all this while attending her meetings and SXSW events — which, coincidentally, were mostly related to the banking and fintech industries.

Sandy Guitar had a similar weekend of uncertainty. As managing director of HX Venture Fund, a fund of funds that deploys capital to venture capital firms around the country and connects them to the Houston innovation ecosystem, her first concern was to evaluate the effect on HXVF's network. In this case, that meant the fund's limited partners, its portfolio of venture firms, and, by extension, the firms' portfolios of startup companies.

“We ultimately had no financial impact on venture fund 1 or 2 or on any of our portfolio funds or our underlying companies,” Guitar tells InnovationMap. “But that is thanks to the Sunday night decision to ensure all deposits.”

On Sunday afternoon, the Federal Deposit Insurance Corp. took control of SVB and announced that all accounts would be fully insured, not just up to the $250,000 cap. Customers like Cisek had access to their accounts on Monday.

“In the shorter term, the great news is SVB entity seems to be largely up and functioning in a business as usual manner,” Guitar says. “And they have a new leadership team, but their existing systems and predominantly the existing employee base is working well. And what we're hearing is that business as usual is taking place.”

Time to diversify

In light of the ordeal, Guitar says Houston founders and funders can take away a key lesson learned: The importance of bank diversification.

“We didn't think we needed one last week, but this week we know we need a resilience plan," she says, explaining that bank diversification is going to be added to "the operational due diligence playbook."

"We need to encourage our portfolio funds to maintain at least two banking relationships and make sure they're diversifying their cash exposure," she says.

A valued entity

Guitar says SVB is an integral part of the innovation ecosystem, and she believes it will continue on to be, but factoring in the importance of resilience and diversification.

"Silicon Valley Bank and the function that they have historically provided is is vital to the venture ecosystem," she says. "We do have confidence that either SVB, as it is currently structured or in a new structure to come, will continue to provide this kind of function for founders."

Cisek, who hasn't moved any of her company's money out of SVB, has similar sentiments about the importance of the bank for startups. She says she's grateful to the local Houston and Austin teams for opening doors, making connections, and taking chances for her that other banks don't do.

"I credit them to really being partners with startups — down to the relationships they connect you with," she says. "Some of my best friends who are founders came from introductions from SVB. I've seen them take risks that other banks won't do."

With plans to raise funding this yea, Cisek says she's already started her research on how to diversify her banking situation and is looking into programs that will help her do that.

Staying aware

Guitar's last piece of advice is to remain confident in the system, while staying tuned into what's happening across the spectrum.

“This situation that is central to the venture ecosystem is an evolving one," she says. "We all need to keep calm and confident in business as usual in the short term while keeping an eye to the medium term so that we know what happens next with this important bank and with other associated banks in the in our industry."

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