Bumble is sponsoring 50 collegiate women athletes in honor of this week’s 50th Anniversary of Title IX. Photo by Kristen Kilpatrick

Bumble is causing a buzz once again, this time for collegiate women athletes. Founded by recent Texas Business Hall of Fame inductee Whitney Wolfe Herd, the Austin-based and female-first dating and social networking app this week announced a new sponsorship for 50 collegiate women athletes with NIL (name, image, and likeness) deals in honor of the 50th anniversary of Title IX.

Established in 1972, the federal law prohibits sex-based discrimination in any school or other education program or activity that receives federal money. According to the Women’s Sports Foundation, the number of women in collegiate athletics has increased significantly since Title IX, from 15 percent to 44 percent.

That said, equity continues to lag in many ways, specifically for BIPOC women who make up only 14 percent of college athletes. The findings also share that men have approximately 60,000 more collegiate sports opportunities than women, despite the fact that women make up a larger portion of the collegiate population.

With this in mind, Bumble’s new sponsorship seeks to support “a wealth of overlooked women athletes around the country,” according to the beehive’s official 50for50 program page.

“We're embarking on a yearlong sponsorship of 50 remarkable women, with equal pay amounts across all 50 NIL (name, image, and likeness) contracts,” says the website. “The inaugural class of athletes are a small representation of the talented women around the country who diligently — and often without recognition — put in the work on a daily basis.”

To celebrate the launch of the program, Bumble partnered with motion graphic artist Marlene “Motion Mami” Marmolejos to create a custom video and digital trading cards that each athlete will post on their personal social media announcing their sponsorship.

“These sponsorships are an exciting step in empowering and spotlighting a diverse range of some of the most remarkable collegiate women athletes from across the country. Athletes who work just as hard as their male counterparts, and should be seen and heard,” says Christina Hardy, Bumble’s director of talent and influencer, in a separate release. “In honor of the 50th anniversary of Title IX, we are so proud to stand alongside these women and are looking forward to celebrating their many achievements throughout the year.”

“Partnering with Bumble and announcing this campaign on the anniversary of Title IX is very special,” said Alexis Ellis, a track and field athlete. “I am grateful for the progress that has been made for women in sports, and am proud to be part of Bumble’s ’50for50’ to help continue moving the needle and striving for more. I look forward to standing alongside so many incredible athletes for this campaign throughout the year.”

“I am so grateful to team up with Bumble and stand alongside these incredible athletes on this monumental anniversary,” said Haleigh Bryant a gymnast. “Many women continue to be overlooked in the world of sports, and I am excited to be part of something that celebrates, and shines a light on, the hard work, tenacity, and accomplishments of so many great athletes.”

Last year, the NCAA announced an interim policy that all current and incoming student athletes could profit off their name, image, and likeness, according to the law of the state where the school is located, for the first time in collegiate history.

The 50for50 initiative adds to Bumble’s previous multi-year investments in sports. In 2019, Bumble also launched a multi-year partnership with global esports organization Gen.G to create Team Bumble, the all-women professional esports team.

To see the 50for50 athletes, visit the official landing page.

------

This article originally ran on CultureMap.

Whitney Wolfe Herd might be joining Austin's exclusive billionaires club. Photo by Kristen Kilpatrick

Texas entrepreneur might join exclusive list of local billionaires after buzzy deal

queen bee

An Texas tech entrepreneur soon might join the city's exclusive billionaires' club.

Whitney Wolfe Herd, founder and CEO of Austin-based dating-app provider Bumble, could move from millionaire to billionaire status if, according to reports, her Austin-based company goes public. The Bloomberg news service reported September 1 that Bumble is preparing an initial public offering, or IPO, of its stock. The IPO could value Bumble at $6 billion to $8 billion, according to Bloomberg.

In November, private equity giant Blackstone Group Inc. bought a majority stake in Bumble. At the time, Herd's Bumble business partner, Andrey Andreev, sold all of his shares in the company to Blackstone. But the Wall Street Journal reported that Herd retained the "vast majority" of her Bumble holdings. In its announcement of the deal, Blackstone said Bumble (then known as MagicLab) was valued at $3 billion.

It's not known how much of a stake in Bumble that Herd still owns; in 2017, Forbes reported she controlled 20 percent of the company's stock. If that's still the case and Bumble's value shoots to $6 billion to $8 billion with the IPO, Herd might wind up sitting on a fortune — at least on paper — in the range of $1.2 billion to $1.6 billion. Keep in mind, though, that this is a rough estimate, given the lack of clarity surrounding Herd's ownership stake.

In 2019, Forbes estimated Herd's net worth at $290 million. Before Herd established the women-centric Bumble app in 2014, the Southern Methodist University alum co-founded the Tinder dating app.

If the Bumble IPO materializes and Herd's net worth soars above $1 billion, she'd become Austin's eighth billionaire — and its second female billionaire, according to Forbes.

Last year, Herd told Inc. that she wants Bumble to be prove that a company "can still drive massive profit and be a good business model while pushing the needle on safety and privacy for users."

If Herd does soar to the billionaire stratosphere, she'll be in good company here. Tech mogul Michael Dell leads Austin's billionaire crew, followed by private equity king Robert Smith, vodka guru Tito Beveridge, hair care and tequila magnate John Paul DeJoria, tech titan Thai Lee, software baron Joe Liemandt, and private equity tycoon Brian Sheth. Lee is currently only woman in the bunch.

------

This article originally ran on CultureMap.

BumbleSpot launched in Houston at all three Nourish Juice Bar locations. Courtesy of Nourish

Texas-based Bumble launches Houston meet-up hubs for safe and productive interactions

Digital turned reality

Turning digital connections into real-life associations can be a little nerve wracking, no matter the context. Austin-based Bumble, a dating app that's expanded to become a networking resource, is trying to make that first face-to-face meeting a little safer and smoother.

"The idea for BumbleSpot is to create a network of physical locations across the US and Canada that support our mission to end misogyny and empower women in their relationships across all aspects of life," Andee Olson, director of partnerships at Bumble, says in a press release.

Over 80 BumbleSpots have been named — with more promised to announce over the next year. While Houston wasn't among the roll-out cities, it officially has three BumbleSpots to choose from, as all three Nourish Juice Bar locations have signed on as partners.

Jessica Huffman opened the first Nourish Juice Bar in the summer of 2015 in Montrose, and her Rice Village and Heights locations followed suit. She says when Bumble reached out to her, she jumped onboard since she has mutual friends with Bumble's founder and CEO, Whitney Wolfe Herd.

To be a BumbleSpot, the establishment must agree to uphold the mission and values of Bumble, which prioritizes safety, kindness, respect, equality, accountability, and growth, according to a Bumble spokesperson.

Huffman says Nourish is perfect for Bumble with its focus on healthy foods and a friendly environment.

"When you're in Nourish, you're probably going to see me or my brother or one of our employees who's worked there for a while," Huffman says. "We talk to everyone all the time and always try to make people feel comfortable."

A spokesperson says more Houston partners are coming, as local business have expressed interest following the launch of BumbleSpot.

Bumble premiered in 2014 as a female-first dating app, and moved its headquarters to Austin in 2017. In March of 2016, it launched BumbleBFF focused on creating friendships. Then, just a few months later, it launched BumbleBizz focusing on making business connections.

In August, the company launched Bumble Fund — an early-stage investment fund focused on female-led companies. The fund's first five benefactors were named as BeautyCon, Cleo Capital, Female Founders Fund, Mahmee, and Sofia Los Angeles.

Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

XSpace plans $250M industrial condo expansion with RAFA Racing Club

growth mode

Houston-based XSpace Group has teamed up with two other Houston companies, RAFA Racing Club and Maximo Capital, to develop five industrial condo projects that pair flex space and high-end car storage space with a members-only clubhouse for motorsports enthusiasts.

The five projects will be built in the Dallas-Fort Worth; Miami-Boca Raton; Charlotte-Mooresville, North Carolina; Phoenix-Scottsdale; and Los Angeles markets. Other markets, including Las Vegas, are under consideration for future phases.

XSpace says the initial five-project venture will generate estimated sales of $250 million. Condos will be available to rent or own.

The ground floor of each project will feature a RAFA Racing Club Social & Performance Centre, a members-only clubhouse, event space and lifestyle hub. The remaining floors will offer space for car storage, collectibles, offices and studios. RAFA will operate the ground floor of each building.

“Our goal from day one with RAFA Racing has been to connect people through a shared love of performance and community,” Rafael Martinez, founder of RAFA Racing Club and principal of Maximo Capital, said in a news release. “By pairing XSpace’s forward-thinking condominium design with the exclusive hospitality, networking and high-performance environment of a RAFA Racing Club clubhouse, we’re establishing a community blueprint where passion meets community.”

Each clubhouse will offer:

  • Lounges
  • Dining, working and networking spaces
  • Concierge service
  • Driving simulators
  • Fitness and conditioning capabilities

“We’re building the most valuable community-driven real estate product in America — and RAFA Racing Club is the anchor that makes it unlike anything else on the market," Byron Smith, founder of XSpace, added in a release. “By integrating our flexible, high-end industrial condominiums with RAFA’s world-class hospitality and automotive community spaces, we are completely redefining what commercial real estate can be for the motorsports enthusiast.”

RAFA operates facilities for motorsports fans in Houston and Austin. The clubs, geared toward wealthy people, entrepreneurs, executives, and brand partners, combine a clubhouse, garage, paddock (racing’s version of a locker room), a “human performance” center and driver training programs.

RAFA plans to open seven clubs in the U.S. and three outside the U.S. over the next four years.

XSpace operates a high-end office, warehouse, and lifestyle condo project in Austin and is building a project in Houston that’s set to open in 2027.

Walmart expands drone delivery service to 8 new Houston-area stores

Now Landing

More Walmart delivery drones are now buzzing around Houston-area skies.

In January, Walmart launched its drone delivery service in partnership with Wing at five locations in the Houston area. The retail giant just added eight more stores to its Houston-area drone delivery network.

Wing says the expansion makes drone delivery available to more than 1 million residents of the Houston area. “Many can now bypass notorious Houston traffic to get everyday Walmart essentials delivered by drone in minutes,” Wing said in a release.

The eight Walmart stores that joined the drone delivery network are:

  • 13003 Tomball Pkwy. Houston
  • 12353 FM 1960 Rd. West, Houston
  • 2901 Riley Fuzzel Rd., Spring
  • 20310 U.S. Highway 59, New Caney
  • 1025 Sawdust Rd., Spring, TX 77380
  • 13484 Northwest Fwy., Houston, TX
  • 13750 East Fwy., Houston
  • 3506 Highway 6 South, Houston

Stores where drone delivery was already available are:

  • 14215 FM 2100 Rd., Crosby
  • 1313 N. Fry Rd., Katy
  • 15955 FM 529 Rd., Houston
  • 255 FM 518, Kemah
  • 6060 N. Fry Rd., Katy

Houstonians can learn whether their address is eligible for drone delivery from a Walmart store by visiting wing.com/walmart. Drone-delivered orders can be placed on the Walmart app, the Wing app, or at Walmart.com.

Once an order is ready, it’s loaded onto a delivery drone. The drone then flies up to 60 mph and at a cruising altitude of about 150 feet to reach the customer’s home. The average flight takes less than 5 minutes.

Once it arrives at the customer’s home, the drone stops, hovers at roughly 23 feet, and lowers the order via a tether. Wing says its drones gently lower orders to the ground to protect fragile items like eggs and coffee.

---

This article originally appeared on CultureMap.com.

TMC expands Korea BioBridge, welcomes 12 biotech companies to Houston

welcome to hou

The powerful partnership between Texas Medical Center (TMC) innovation and the world of Korean biotech advancement is already growing in scope. Just six months after the new TMC Republic of Korea BioBridge was first announced, 12 new companies from the Republic of Korea will establish on-site presences in Houston to further collaboration between the two nations and medical industries.

The expansion comes from a new agreement between TMC and the Korea Health Industry Development Institute (KHIDI). William McKeon, president and CEO of Texas Medical Center, applauded the move and predicted it would benefit both Houston and Korea immensely.

“Korea has established itself as a global leader in biohealth innovation, with a growing pipeline of breakthrough technologies across digital health, biotechnology, and medical devices,” McKeon said in the news release. “Through the TMC Korea BioBridge, we are creating a direct connection between Korea’s innovators and the world’s largest medical city. This collaboration between TMC and KHIDI provides companies with a place to establish a presence, build strategic relationships, engage with leading clinicians and researchers, and accelerate the path toward commercialization and patient impact in the United States.”

The companies that will be in residence at the TMC Innovation Factory include Ardens Lifescience, whose new CAROL device is currently in human trials tackling lung cancer by using the airway network as electrodes to perform bronchoscopic ablation; stem cell-based gene therapy firm CELLeBRAIN, currently working on neurological disorders and solid cancers; and Wellysis, the developer of the S-Patch wearable cardiac monitoring device.

Additional companies include:

  • Antigravity
  • ARPI
  • CTCELLS
  • elecell
  • HUVER Inc.
  • Hutom
  • ORGANOIDSCIENCES
  • YOUTH BIO GLOBAL
  • Seoul Medical Informatics Intelligence Lab Inc.

“This collaboration establishes a strong foundation for connecting Korea’s biohealth innovation ecosystem with world-class clinical and innovation resources in the United States,” Younghun Jeong, executive director of the KHIDI, added in the news release. “Through partnerships with Texas Medical Center and the Korean-American Medical Association Texas, we look forward to fostering meaningful collaboration among innovators, clinicians, and industry leaders while creating new opportunities for clinical validation, commercialization, and global growth. KHIDI remains committed to expanding global partnerships that support biohealth innovation, clinical collaboration, commercialization, and international growth.”

This is the seventh international strategic partnership for the TMC. It launched its first BioBridge with the Health Informatics Society of Australia in 2016. It launched its TMC Japan BioBridge, focused on advancing cancer treatments, last year. It also has BioBridge partnerships with the Netherlands, Ireland, Denmark and the United Kingdom.