Houston’s high-tech ecosystem can only flourish if it attracts more growth venture capital investments, according to the latest McNair Center for Entrepreneurship and Innovation issue brief, “Growth vs. Transactional Venture Capital in Houston, Texas.”
A realistic, but aggressive, goal for Houston would be around a 15 percent year-on-year increase in growth venture capital. This would allow Houston to reach roughly $170 million in growth venture capital by 2022.
According to the report, “Houston would then likely become a top 25 U.S. city for high-growth, high-technology startups, though its ecosystem would still be emerging and startups would remain a very small part of Houston’s economy.”