HOUSTON INNOVATORS PODCAST EPISODE 47

This investor is democratizing access to venture capital deals in Houston while promoting inclusion

Lenny Saizan — along with three other Houston innovation leaders — founded Urban Capital Network to increase diversity and inclusion within the venture capital space. Photo via urbancapitalnetwork.com

The Urban Capital Network, which launched in Houston earlier this year, gets the best of both worlds. Not only is the group working with venture capital firms as a limited partner, but, operating as a hybrid investor, UCN also is funding startups directly — using both avenues to promote diversity and inclusion.

"We can be described as a hybrid between an angel investment group and a small VC firm," says Lenny Saizan, co-founder and managing partner of Urban Capital Network. "Our mission is to democratize access to premium VC-backed investments."

By forming relationships with VC funds — specifically ones that value UCN's diversity and inclusion platform — the group's network of investors can form syndicates, or group investments, to work with these funds on deals they otherwise couldn't afford to invest into. The VCs benefit in that they have access to new limited partners.

Saizan says UCN has raised $3 million in six months, and all that's been invested.

"We take a portion of our proceeds and invest in entrepreneurs of color, and we also donate to nonprofits that provide support resources for those entrepreneurs," Saizan says on this week's episode of the Houston Innovators Podcast. "We're completing the cycle. We find that it's easier to go to a VC and offer to give them money and also help them diversify their investor portfolio."

Saizan has three business partners, who each provides their own expertise to UCN: Heath Butler, network partner at Houston-based Mercury Fund; Felix Chevalier, founder of The Chevalier Law Firm; and Dr. Eric S. Tait president of Vernonville Asset Management.

Saizan discusses some of the challenges and opportunities the pandemic has provided UCN and where he and his co-founders are planning to take the investment group in the episode of the podcast. You can listen to the full interview below — or wherever you stream your podcasts — and subscribe for weekly episodes.

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Building Houston

 
 

Simulation runs through June 30 downtown. Photo via Post Houston

Aclever, Houston-based duo has unveiled a new digital art experience at downtown’s hottest hub. Creative technologist Billy Baccam and multidisciplinary artist Alex Ramos, founders of Input Output Creative Media Lab, have launched “Simulation,” the first artist residency at Post Houston. The show runs through June 30.

The creative team has transformed part of POST Houston's X atrium into a creative media lab. There, Baccam and Ramos have experimented with various kinds of emerging technologies to prototype and develop art experiences.

Mediums in the show include projection mapping, 3D printing, body tracking, camera vision, augmented reality, LEDs, and computer simulation, per a press release.

The “Simulation” layout utilizes the glass wall as an interface for the public to experience the art. Internally, viewers can see an amalgamation of machinery, wires, gizmos, and gadgets similar to the inner workings of a computer.

Externally, viewers can explore and interact with the art through the glass wall via body tracking sensors, augmented reality via QR codes, and just by merely watching. Various books, movies, and other memorabilia have been scattered throughout the space to showcase inspiration on the subject matter of simulations and their influence on culture, a release notes.

“We’re super excited to be able to share the art we have diligently been working on for ‘Simulation,’” the team notes in a statement. “We’ve been able to explore a variety of new mediums such as 3D printing and augmented reality while also getting a chance to dive deeper into our previous works based on projection mapping, interactivity, and computer simulations. As we continue to create, learn, and iterate, the pieces will also evolve to reflect our growth. We thank the public for engaging with our work and bringing about moments of joy and wonder.”

For more information on the duo, visit www.inputoutput.space or @1nput0utput on Instagram.

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This article originally ran on CultureMap.

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