Houston Exponential has received commitments for half of a $50 million fund it hopes will help attract venture capital money to Houston, the organization announced Thursday.
The nonprofit, tasked with marketing and connecting Houston's various innovation initiatives, is creating a "fund of funds." The idea is to collect money from Houston corporations, invest that money in the funds of venture capital firms across the U.S., and then build connections between those two entities to help a third group: Houston startups struggling to find growth money.
Image: Karen Warren, Staff / Houston Chronicle
