Houston, let’s create a Houston Entrepreneurial Fund!
New York City’s Mayor Bloomberg recently announced the city’s first-ever fund to help entrepreneurs build and expand their business in New York City. The fund provides promising New York City based technology startup companies with early-stage capital.
Entrepreneurial companies can receive up to $750,000 for the first round of investment. As long as the company is based in NYC, does not engage in any illegal activity or in the business of firearms, gambling, alcohol and tobacco, and has a commercially viable business model, companies can quality for the NYC Entrepreneurial investment fund.
NYC Economic Development Corporation and FirstMark Capital (a venture capital firm) stepped up to the plate to make this happen.
Who will step up to the plate in Houston to help aspiring entrepreneurs?