Houston Innovators Podcast Episode 66
Local fund of funds to put a national spotlight on venture capital in Houston
The role of the HX Venture Fund is to pull out-of-Houston venture capital funds into the Houston innovation ecosystem — and the fund of funds is hoping to exactly that with an inaugural event next month.
Venture Houston, which is taking place online on February 4th and 5th, will bring together entrepreneurs, corporations, venture capital investors, and startup development organizations for a summit full of thought leadership — as well as a startup pitch competition with over $1.7 million on the line. (InnovationMap is the media partner for the event.)
HXVF Managing Directors Guillermo Borda and Sandy Guitar joined the Houston Innovators Podcast this week to discuss what they are most excited from the events.
"In this conference, we have representation from all stakeholders," Borda says, recognizing that HXVF has connected VCs with more than $4 billion of ready-to-deploy capital to Houston startups. "This conference is a way of engaging that further — we call that activation."
With the rollercoaster that 2020 was, Borda and Guitar recognize how timely a conference like this is. Guitar says on the show that with all the challenges that came with remote working, investors are all the more prepared for the future. Besides, she adds, a crisis is a perfect time for technology to rise to the top.
"COVID is real and the disruption is significant, but in the eyes of a venture capitalist, this is opportunity," Guitar says. "This is a groundbreaking time for VCs. ... The best VCs and the best entrepreneurs are leaning in on these opportunities."
With HXVF's ultimate goal to drive investment into Houston startups, Venture Houston will also feature a startup pitch competition that will have investment opportunities from the likes of Mercury Fund, The Artemis Fund, Montrose Lane, Fitz Gate Ventures, and more. Startups can apply to the contest online until Friday, January 15.
"We are asking as many Houston entrepreneurs who are considering raising capital now or any time in the next year to apply to this pitch competition," Guitar says. "The prizes we have are phenomenal and can really help get a young company started."
Guitar and Borda discuss more about the event and the future of venture capital in Houston on the show. Listen to the full interview below — or wherever you stream your podcasts — and subscribe for weekly episodes.