Brent Wistrom - HoustonNewMedia.org

Station Texas launched as nonprofit model to connect tech startups statewide, nationally

Brent Wistrom — Mon, 09 Dec 2024 20:22:34 +0000

After merging with Station Houston in 2020, Capital Factory is launching Station Texas to take over community tech and entrepreneurship events.

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Texas lawmakers hint at changes to noncompete rules as FTC ban hangs in limbo

Brent Wistrom — Wed, 02 Oct 2024 19:56:09 +0000

Comments from members of the state Senate's Business and Commerce Committee hinted that they’re inclined to propose legislation that significantly reduces employers’ ability to write long-term and relatively vague noncompete contracts.

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Elon Musk plans to move X, SpaceX headquarters to Texas

Brent Wistrom — Tue, 16 Jul 2024 21:22:52 +0000

Elon Musk plans to move two more of his companies' headquarters to Texas, apparently in reaction to a newly signed law in California.

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From neighborhoods to the moon, Icon’s 3D printing technology is disrupting the building industry

Brent Wistrom — Tue, 16 Apr 2024 16:33:40 +0000

Austin-based 3D printing startup Icon Technology Inc. has been on a roll. We sat down with co-founder and chief technology officer Alex Le Roux to learn more about how the company got here, its new AI architectural platform and its new Phoenix 3D print...

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Why billionaire John Paul DeJoria is launching an AI startup

Brent Wistrom — Tue, 27 Feb 2024 20:31:17 +0000

In the latest edition of Texas Business Minds podcast, we chat with John Paul DeJoria and Gary Stephens about their new AI startup in Austin. The duo share how they connected on their first venture and talk about finding AI talent at a time when almost...

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Babson Diagnostics founder prepares to launch innovative blood testing product

Brent Wistrom — Wed, 03 Jan 2024 13:48:08 +0000

After years of collaboration and trials, Babson Diagnostics has landed key FDA clearance for its blood testing products. In the latest Texas Business Minds podcast, you'll learn about the startup's journey, fundraising and the Texas cities where it wil...

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Mark Cuban: ‘Texas would crush it as a tourist destination’ if casinos were allowed

Brent Wistrom — Fri, 08 Dec 2023 13:58:08 +0000

Billionaire Mark Cuban said legalizing online betting in Texas wouldn't really move the needle. Instead, he's focused on resort casinos.

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Cruise pauses robotaxi operations in Texas and beyond after California permit suspended

Brent Wistrom — Fri, 27 Oct 2023 16:08:47 +0000

Just two weeks after launching robotaxi services in Houston, Cruise is now hitting the brakes on all of its operations.

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Fast-growing Cart.com raises $60M at unicorn valuation after HQ move

Brent Wistrom — Tue, 27 Jun 2023 20:26:05 +0000

Cart.com, an Austin e-commerce startup that was founded in Houston, has raised $60 million in equity funding. With the new capital, the company said it was valued at $1.2 billion, putting it in a somewhat rarified group of local businesses to reach uni...

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Report: Tesla’s Giga Texas factory has swollen to more than 12K employees

Brent Wistrom — Mon, 10 Apr 2023 17:35:39 +0000

Tesla has gone far beyond its initial agreement with Travis County, at least in terms of headcount and investment. This story looks at the latest numbers and Elon Musk's growing Austin-area empire that extends well beyond Tesla.

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The wrong kind of disruption: SVB collapse forces startups, VCs to scramble during SXSW

Brent Wistrom — Mon, 13 Mar 2023 13:10:16 +0000

Editor's note: Late Sunday, March 12, it was announced that all deposits will be insured by federal officials. Get the latest here.

Craig Cummings knew something was wrong when his phone kept buzzing in his pocket while he was on stage at a Bunker Lab...

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Layoffs at Cart.com are the latest sign e-commerce is cooling

Brent Wistrom — Wed, 11 Jan 2023 22:04:43 +0000

Cart.com has been one of Austin's fastest-growing startups since it moved its headquarters from Houston to the capital city in 2021 with $240 million in fresh funding.

Now, after opening its new office in downtown Austin and going on a hiring and acq...

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Houston-based SPAC Good Works II aims to take Austin-based Direct Biologics public

Brent Wistrom — Fri, 30 Sep 2022 00:52:37 +0000

Biotechnology company Direct Biologics Inc. has signed a letter of intent to merge with Good Works II Acquisition Corp. (Nasdaq: GWII), the second SPAC with a charitable component launched by Fred Zeidman and his team.

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Houston-founded ‘blockchain for good’ startup Topl raises $15M Series A

Brent Wistrom — Mon, 01 Aug 2022 20:12:09 +0000

Topl was one of the recipients of the Houston Business Journal's inaugural Innovation Awards in 2019.

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Apartment housekeeping startup Spruce gets new CEO, plus $26M from Houston co., Softbank, others

Brent Wistrom — Thu, 21 Jul 2022 17:32:43 +0000

Spruce Services Inc., which was founded in Houston as Apartment Butler Inc. before moving its headquarters to Austin in 2019, is getting a new CEO and new funding.

The cleaning services startup closed a $26 million series B led by Houston-based Sweat...

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Moneta Ventures makes key Houston hire as it increases investments in Texas startups

Brent Wistrom — Tue, 07 Jun 2022 19:59:34 +0000

Moneta Ventures is scaling up its startup investing operations in Texas with a new Houston hire and plans to raise its biggest fund yet.

Moneta is headquartered in Sacramento, California, and has a secondary office in Austin, as well as satellite oper...

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Venture capital firm amasses $250M to invest in Texas-based tech startups

Brent Wistrom — Thu, 10 Mar 2022 16:53:45 +0000

S3 Ventures LLC, one of the biggest and longest-standing venture capital firms in Austin, announced March 9 it has a new $250 million fund. It is the firm's seventh fund, and it follows one announced in 2016 that grew to about $200 million.

S3 is some...

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Cart.com raises $240M in equity, debt funding after HQ move

Brent Wistrom — Thu, 03 Feb 2022 20:30:01 +0000

When Cart.com Inc. secured $98 million in new venture capital funding last summer, several interested investors weren't yet ready to get in on the deal.

Since then, Cart has added to its acquisition streak and moved its headquarters from Houston to Au...

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Cart.com makes more acquisitions after moving HQ from Houston to Austin

Brent Wistrom — Wed, 19 Jan 2022 22:05:07 +0000

Cart.com, which launched in Houston at the end of 2020 and moved its headquarters in late 2021, continues its acquisition streak.

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Office envy: Inside Cart.com’s new Austin HQ

Brent Wistrom — Tue, 11 Jan 2022 16:00:00 +0000

Cart.com arrived in the Texas capital with a bang. On the same day it announced it moved its headquarters to Austin from Houston, it won Capital Factory's startup of the year award.

Now it's on a hiring spree, with plans to add 150 people in 2022. Tha...

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