{"id":37208,"date":"2025-11-05T23:41:17","date_gmt":"2025-11-05T23:41:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/37208\/"},"modified":"2025-11-05T23:41:17","modified_gmt":"2025-11-05T23:41:17","slug":"innovators-investors-invigorate-sold-out-2025-venture-dallas-conference-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/37208\/","title":{"rendered":"Innovators, Investors Invigorate Sold-Out 2025 Venture Dallas Conference \u00bb Dallas Innovates"},"content":{"rendered":"<p>It made perfect sense that organizers of last week\u2019s 2025 Annual Venture Dallas Conference chose the private library of Dallas billionaire Harlan Crow as the setting for their kickoff VIP Reception. The invite-only reception, after all, was sponsored by the <a href=\"https:\/\/dallasinnovates.com\/the-last-word-nyse-texas-kicks-off-from-the-50%e2%80%91yard-line-of-att-stadium\/\" rel=\"nofollow noopener\" target=\"_blank\">NYSE Texas<\/a> stock exchange, which in August had leased 28,000 square feet at Crow\u2019s swank Old Parkland office campus in Dallas\u2019 Oak Lawn neighborhood.<\/p>\n<p>Like Old Parkland, Crow\u2019s library at his Highland Park home is all historic memorabilia and refined opulence, with bookshelves rising two stories, a coffered ceiling, inlaid wooden floors, oversized globes, and rare documents and manuscripts. Access to the library is gained through an equally impressive art gallery\u2014for starters, it\u2019s got an original Gilbert Stuart portrait of George Washington on display.<\/p>\n<p>That\u2019s where scores of Venture Dallas investors, founders, and key stakeholders found themselves early on the evening of Oct. 29, chatting away as they sampled hors d\u2019oeuvres and a variety of specialty cocktails. Among them were JPMorgan Chase\u2019s Elaine Agather, serial entrepreneur Rogers Healy, state Sen. Tan Parker (R-Flower Mound), Hubert Zajicek of Health Wildcatters, David Copps of Worlds, and Javier David, the new business editor at The Dallas Morning News. In time, the guests were asked to step into the library to listen to a conversation between Perot Jain partner Aaron Pierce\u2014he\u2019s the Venture Dallas co-founder and chair\u2014and NYSE Texas president Brian Daniel.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281593\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/VIP-Firesdie-20251029VentureDallas-DSC_5244.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281593\" class=\"wp-caption-text\">NYSE Texas president Brian Daniel, right, in a fireside chat with Perot Jain president Aaron Pierce in Harlan Crow\u2019s library. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Their talk, and the conference that would follow, came at an opportune time for innovators and investors in North Texas. The region continues to boast strong population growth, a well-educated talent pool, government and infrastructure support, and more and more corporate relocations and expansions. The latter have been especially notable in the technology and financial sectors, with a recent proliferation of data-center developments and the advent of Y\u2019all Street, underscored by the birth of the Texas Stock Exchange and the arrival of NYSE Texas and a new regional headquarters for Nasdaq.<\/p>\n<p>Since beginning operations in March, NYSE\u2019s Daniel told the elite crowd in the Crow library, \u201cNicey\u201d Texas, as it\u2019s come to be called, already has secured 94 dual listings. \u201cThis is just a great place to do business,\u201d he enthused. \u201cWe came to Texas really to capitalize on the energy, the momentum, all the great things that we\u2019re seeing in the state.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281595\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/VIP-20251029VentureDallas-_GM16899-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\"\/><\/p>\n<p id=\"caption-attachment-281595\" class=\"wp-caption-text\">[Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>\u2018People want to help each other\u2019<\/p>\n<p>Fourteen hours later, it was Pierce who welcomed attendees to the day-long Venture summit, held at the George W. Bush Presidential Center on the campus of Southern Methodist University. Pierce noted that the event has grown \u201cbigger and bigger and bigger\u201d since its inaugural conference in 2019. \u201cThose of us that live here know how great this place is, but for those of you that don\u2019t spend as much time here, I hope that you leave inspired and will say, \u2018Man, Dallas is a place where I should be spending more time\u2014maybe I\u2019ll move my family there, or maybe I\u2019ll start a business there,\u2019\u201d Pierce told the crowd.<\/p>\n<p>After still more welcoming remarks by new SMU president Jay Hartzell\u2014he said the university is eager to be the \u201cbest possible partner\u201d for Dallas founders, investors, and corporate leaders\u2014Pierce and Agather sat down to talk about <a href=\"https:\/\/dallasinnovates.com\/the-last-word-jpmorgan-chases-jamie-dimon-on-business-friendly-texas\/\" rel=\"nofollow noopener\" target=\"_blank\">JPMorgan\u2019s growth<\/a> in North Texas.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281597\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/04Aaron-and-Elaine-20251030VentureDallasConference-DSC_5807_970.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281597\" class=\"wp-caption-text\">JPMorgan\u2019s Elaine Agather, right, with Perot Jain\u2019s Aaron Pierce. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Agather, who leads the bank\u2019s Dallas region, said it has grown from 4,000 employees to 33,000, which makes Dallas-Fort Worth larger than the bank\u2019s New York market. She explained the substantial growth by citing factors including the region\u2019s geographic location, regulatory stances, diversified economy\u2014and collaborative spirit.<\/p>\n<p>\u201cI think when people move down here at first, they kind of think it\u2019s fake,\u201d she said. \u201cAnd then they\u2019re like, \u2018This is real\u2014people want to help each other,\u2019 and that does raise the bar for everybody.\u201d<\/p>\n<p>Agather also noted JPMorgan\u2019s recently announced Security and Resiliency Initiative, which commits the bank to invest $1.5 trillion over 10 years in supply chains and advanced manufacturing, defense and aerospace, energy independence, and strategic technologies like AI and cybersecurity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281598\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Bobby-Franklin-20251030VentureDallasConference-DSC_6093.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281598\" class=\"wp-caption-text\">Bobby Franklin, president and CEO of the National Venture Capital Association [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Investments of a different sort were outlined next by Bobby Franklin, president and CEO of NCVA\u2014the National Venture Capital Association. Citing NCVA studies, Franklin said venture-capital deals and dollars have ticked up recently, while exit activity remains below 2021\u2019s peak liquidity levels and fundraising is tepid, despite the availability of \u201clots of dry powder.\u201d But Texas investment, Franklin said, \u201cis looking fantastic,\u201d outstripping most states and outperforming the entire Southwest region so far this year.<\/p>\n<p>The VC industry had \u201clots of wins\u201d in the One Big Beautiful Bill Act, added Franklin. He stressed the need for a single federal standard for AI regulation\u2014rather than different sets of rules in each state\u2014\u201cso that AI can reach its full potential.\u201d He also said the NCVA enjoys a good relationship with new U.S. Securities and Exchange Commission Chair Paul Atkins, who \u201cis serious about making IPOs great again.\u201d<\/p>\n<p>A cutting-edge trading engine for TXSE<br \/>\n<img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281599\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/20251030VentureDallasConference-DSC_6425_970.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281599\" class=\"wp-caption-text\">Texas Stock Exchange Strategic Advisor Jeb Hensarling, left, and Penta Group managing director Ylan Mui [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>The importance of IPOs was also referenced during a discussion of the new <a href=\"https:\/\/dallasinnovates.com\/yall-street-txse-groups-funding-surpasses-250m-after-second-financing-round\/\" rel=\"nofollow noopener\" target=\"_blank\">Texas Stock Exchange<\/a> by Ylan Mui of the Penta Group, a research and consulting firm, and Jeb Hensarling, a former Dallas GOP congressman who\u2019s now a strategic advisor to TXSE (or Tex-ee, as they\u2019re calling it now).<\/p>\n<p>With SEC approval of the Dallas-based exchange having been secured in September, Hensarling told Venture Dallas attendees to look for TXSE to announce its physical headquarters location by year\u2019s end. The first quarter of 2026 will see training on its state-of-the-art \u201ctrading engine,\u201d he said, and then listings of ETPs (exchange-traded products) \u201cprobably in the second quarter of next year, with listings in corporates to follow.\u201d<\/p>\n<p>TXSE\u2019s cutting-edge trading engine\u2014as well as its newly announced, AI-native Oculon data-analytics and compliance software platform\u2014will give the new exchange a leg up over the NYSE and Nasdaq duopoly, Hensarling said. \u201cI think not only will Tex-ee be great for Texas \u2026 but I also think it\u2019s going to be great for capital markets and for those companies who choose to have the ability to have world-class trading and listing at a more competitive price, with policies that are known and stable,\u201d he said.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Ross-stage-20251030VentureDallasConference-_GM18036.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p class=\"wp-caption-text\">Furthering the Texas Miracle at Venture Dallas [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Panelists at another session called Furthering the Texas Miracle agreed with Hensarling, who\u2019d predicted that in 15 years, Texas will be \u201cthe center for capital markets in America.\u201d <a href=\"https:\/\/dallasinnovates.com\/hillwood-chairman-ross-perot-jr-named-new-board-chair-of-u-s-chamber-of-commerce\/\" rel=\"nofollow noopener\" target=\"_blank\">Ross Perot Jr.,<\/a> chairman of The Perot Companies and Hillwood, cited the business-friendly groundwork laid by the state\u2019s leaders stretching back three decades, from the development of Dallas Fort Worth International Airport and the Alliance Texas project to reforms in the legal and education fields.<\/p>\n<p>\u201cYou\u2019ve got incredible growth coming, and it\u2019s the airports, it\u2019s infrastructure, but what it really is, is attitude,\u201d Perot said. \u201cIt\u2019s a very optimistic attitude and a can-do spirit: We\u2019re going to get it done!\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281600\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Ross-and-Drew-20251030VentureDallasConference-DSC_6534_970.jpg\" alt=\"\" width=\"970\" height=\"593\"\/><\/p>\n<p id=\"caption-attachment-281600\" class=\"wp-caption-text\">Ross Perot Jr., chairman of The Perot Companies and Hillwood, left, and Drew McKnight, co-CEO and managing partner at Dallas-based Fortress. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Drew McKnight, co-CEO and managing partner at Dallas-based Fortress, a global investment group, echoed Perot\u2019s sentiments, highlighting the proactive role of educational institutions like SMU in encouraging entrepreneurship. He also cited the region\u2019s \u201ccivic-mindedness\u201d\u2014in sharp contrast to California, where McKnight had worked before relocating to North Texas.<\/p>\n<p>\u201cI wasn\u2019t nearly this civic-minded in California, mainly because they wouldn\u2019t return my phone calls, because they didn\u2019t care,\u201d McKnight said. \u201cAnd here, whether it\u2019s the mayor or the governor or any one of state representatives, they want to hear from you and they want ideas. That\u2019s encouraging, because when you have an idea and someone actually listens to you, it encourages you to come up with more.\u201d<\/p>\n<p>Robots called \u2018the space race of our time\u2019<\/p>\n<p>The idea explored in the next session\u2014a conversation between Apptronik CEO Jeff Cardenas and investor Chris Camillo of Dumb Money\u2014was the future of humanoid robots. Cardenas said Apptronik, a 10-year-old, AI-powered robotics company that has a strategic partnership with Google DeepMind, is reimagining a next generation of general-purpose robots that will change the way people live and work. He likened creation of the company\u2019s latest-iteration robot to a \u201cpersonal computer moment,\u201d when robots are able to collaborate with humans to accomplish multiple tasks on a mass scale.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281602\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Jeff-and-Chris-Camillo-20251030VentureDallasConference-DSC_6996.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281602\" class=\"wp-caption-text\">Apptronik CEO Jeff Cardenas and investor Chris Camillo [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Camillo pointed out that China is ahead of the United States in robotic investment and adoption for industrial manufacturing, and Cardenas agreed. \u201cI\u2019ve sort of called this the space race of our time,\u201d said Cardenas, who\u2019s been urging Washington to develop a national robotic strategy. \u201cI think whoever wins it is going to define the future for us.\u201d<\/p>\n<p>He predicted there will be significant progress in making humanoid robots available for the U.S. industrial market at scale by 2027, with adoption for home uses coming a few years afterward. \u201cI would say very confidently that, 10 years from now, it\u2019s very likely that many of you guys have a robot in your home,\u201d Cardenas told the attendees.<\/p>\n<p>Perot Jain managing partner Anurag Jain, whose 14-year-old Access Healthcare was folded in May into a new company in a $6 billion deal by private equity firm <a href=\"https:\/\/dallasinnovates.com\/dallas-access-healthcare-combines-with-2-new-mountain-portfolio-cos-to-form-smarter-technologies\/\" rel=\"nofollow noopener\" target=\"_blank\">New Mountain Capital<\/a>, said he agreed that \u201crobots are important.\u201d But in a conversation with retired EY partner Debra von Storch, Jain said there should be limits: \u201cI think the creativity of the human mind is something that I don\u2019t want to ever take away.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281603\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Anurag-Jain-and-Debra-Von-Storch-20251030VentureDallasConference-DSC_7511.jpg\" alt=\"\" width=\"970\" height=\"679\"\/><\/p>\n<p id=\"caption-attachment-281603\" class=\"wp-caption-text\">Perot Jain managing partner Anurag Jain, left, and retired EY partner Debra von Storch [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Dallas-based Access, the fourth company in Jain\u2019s entrepreneurial journey, had become a leading player in revenue cycle management for the healthcare industry. But Jain told von Storch that the deal with New Mountain made sense because of New Mountain\u2019s ability to keep pace with rapid change in that industry, much of it powered by artificial intelligence. Jain\u2019s next company, he said, also will be a business process outsourcing provider\u2014a \u201cmostly AI native\u201d company in the real estate industry, with far fewer workers than Access\u2019 27,000 or so.<\/p>\n<p>Asked what \u201ccritical lessons\u201d he\u2019d learned during his career that might be helpful to entrepreneurs, Jain said the first is: Don\u2019t sell yourself short. \u201cI think we sold ourselves short many times. Number two is: Your people are the most important thing. \u2026 At this point in time, staying private is an equally good opportunity [as an IPO], depending on the company, where you are, and the capital you need,\u201d he continued. \u201cI think private equity is a fantastic option if you find the right partner.\u201d<\/p>\n<p>Seeking innovators and investors who are brave<\/p>\n<p>Participants in another panel called Driving Growth Through Dallas Venture Capital indicated that, for too many DFW founders, securing any kind of equity is problematic. Despite the proliferation of wealthy investors in North Texas, the panelists said, startups that often are forced to fundraise elsewhere end up relocating permanently to other cities, depriving the region of entrepreneurial vitality. The culprit, the panelists agreed, is the \u201cstandardized playbooks\u201d of traditional Dallas industries like energy and real estate, which conflict with venture\u2019s bent toward creativity and contrarian thinking.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281604\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/20251030VentureDallasConference-DSC_8529.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281604\" class=\"wp-caption-text\">From left: Trevor Rees-jones, founding partner of Cubit Capital; John Redgrave,co-founder and general partner of DTX Ventures; and Rogers Healh, owner and CEO Morrison Seger Venture Capital Partners. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>What\u2019s needed, they said, is a stronger bench of local CEOs and business owners as well as a cadre of so-called bravery hunters\u2014that is, a new generation of transformative founders courageous enough to tackle truly hard problems while taking real risks. \u201cIt\u2019s that risk calibration. Are we getting the most novel technology companies on the planet, or certainly at least in the United States, into the DFW area?\u201d asked John Redgrave, co-founder and general partner of Dallas-based DTX Ventures. \u201cWe\u2019ve got to be bravery hunters. We hunt for people who are brave, and we ourselves need to be brave. That means writing checks to early-stage companies who are going to go and change some ecosystem.\u201d<\/p>\n<p>Another panelist\u2014Jun II Kwun, founder and managing director at <a href=\"https:\/\/dallasinnovates.com\/dallas-signify-bio-launches-with-oversubscribed-15m-financing-partnership-with-ut-southwestern\/\" rel=\"nofollow noopener\" target=\"_blank\">Actium Group<\/a>\u2014made the case for Dallas as a life-sciences powerhouse, albeit one that he said still needs a critical mass of life-sciences companies and CEOs willing to relocate to North Texas. But, according to participants in a discussion called Advancing Life Sciences and Venture Innovation, that\u2019s happening already. \u201cThe Texas life-sciences ecosystem is experiencing remarkable growth, and Dallas has really emerged as an inspiring innovation hub,\u201d said discussion moderator Jenn Yandle, executive director, life sciences-innovation economy for JPMorgan. \u201cIn fact, we are seeing one of the fastest-growing markets in the country, and we\u2019re seeing remarkable growth in terms of the expansion of lab space and the deepening of our talent pools and the amount of companies that are making DFW home.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281606\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/vc-20251030VentureDallasConference-_GM18702.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281606\" class=\"wp-caption-text\">Jun II Kwun, founder and managing director at <a href=\"https:\/\/dallasinnovates.com\/dallas-signify-bio-launches-with-oversubscribed-15m-financing-partnership-with-ut-southwestern\/\" rel=\"nofollow noopener\" target=\"_blank\">Actium Group<\/a>, left, and moderator Kevin Lavelle, founder Mizzen+Main and Harbor [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Bridging the tech-transfer gap<\/p>\n<p>A lynchpin for Dallas\u2019 growth in the sector is <a href=\"https:\/\/dallasinnovates.com\/dallas-pegasus-park-expands-with-new-bridge-labs-to-support-biotech-growth\/\" rel=\"nofollow noopener\" target=\"_blank\">Pegasus Park<\/a>, a 26-acre, biotech and life-sciences development near the Dallas Design Center and the Southwestern Medical District. With tenants like Health Wildcatters, Mass Challenge, and UT Southwestern Medical Center, plus a record of incubating more than 30 companies collectively valued at $14 billion, the complex funded in part by billionaire philanthropist Lyda Hill is bridging the gap between scientific discovery and commercializing those discoveries.<\/p>\n<p>\u201cI remember, right when we were opening Pegasus Park, standing out in the parking lot with a local venture capital family office,\u201d said Nicole Small, CEO of LH Capital. \u201cAnd he said to me, \u2018We really are interested in the healthcare space, but we don\u2019t really know how to get into UT Southwestern, because it\u2019s like over there in those buildings!\u2019 And literally right at that time the head of tech transfer walked through the parking lot and I was like, \u2018Oh, let me introduce you two.\u2019 Those are the sort of collisions being created there.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281608\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Life-Science_20251030VentureDallasConference-DSC_8673-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\"\/><\/p>\n<p id=\"caption-attachment-281608\" class=\"wp-caption-text\">Advancing Life Sciences and Venture Innovation at Venture Dallas [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>A \u201ccollision\u201d of a different sort\u2014one that occurred a few years ago following a board meeting of Venture Dallas\u2014was described during a panel called Killer Brands: How Liquid Death Disrupted the Beverage Industry. Access Capital co-founder Blake Wiley said the Venture meeting was how he\u2019d met Marissa Bertha, chief strategy officer at Liquid Death, the canned water and beverages brand that\u2019s earned a $1.4 billion valuation thanks to its viral punk\/metal marketing campaigns.<\/p>\n<p>Besides Access Capital, the brand\u2019s investors have included other investment firms, family offices, entertainment companies, and aluminum can manufacturers, Bertha said. And, after expanding its offerings from canned water to soda-flavored sparkling water and iced tea, the brand is poised to debut an energy drink in January, she added. \u201cWe\u2019ve been able to grow as the most expensive product in every category in which we play,\u201d Bertha said. \u201cWe\u2019re the most expensive water, we\u2019re the most expensive flavored sparkling, we\u2019re the most expensive tea. But in the energy category, we will actually be able to be priced at parity.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281609\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/CPG_20251030VentureDallasConference-DSC_9095.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281609\" class=\"wp-caption-text\">Liquid Death chief strategy officer Marissa Bertha and Access Capital co-founder Blake Wiley [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>\u2018It\u2019s OK to fail\u2019<\/p>\n<p>Closing out the conference, Capital Factory president and co-founder <a href=\"https:\/\/dallasinnovates.com\/presenting-the-first-ever-ai-75-meet-the-most-innovative-leaders-in-artificial-intelligence-in-dallas-fort-worth\/\" rel=\"nofollow noopener\" target=\"_blank\">Bryan Chambers<\/a> introduced the day\u2019s final three \u201cfireside chats\u201d featuring <a href=\"https:\/\/dallasinnovates.com\/firehawks-oversubscribed-60m-round-adds-european-backing-for-defense-3d-printed-rocket-tech\/\" rel=\"nofollow noopener\" target=\"_blank\">Draper Associates<\/a> partner Andy Tang, Keen Technologies founder John Carmack, and <a href=\"https:\/\/dallasinnovates.com\/dallas-decacorn-colossal-buys-viagen-a-texas-pioneer-in-animal-cloning\/\" rel=\"nofollow noopener\" target=\"_blank\">Colossal Biosciences<\/a> co-founder and CEO Ben Lamm.<\/p>\n<p>\u201cTexas isn\u2019t just big, it\u2019s consequential,\u201d Chambers told the crowd. \u201cYou may already know that if Texas were a country, it would be the eighth-largest economy in the world. That means the connections and the choices our community makes in rooms like this one ripple globally through supply chains and reach the cloud. Over the next hour and a half, you\u2019re going to hear some more really big ideas.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281611\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Bryan-8th-largest-economy-stage-20251030VentureDallasConference-_GM18929.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281611\" class=\"wp-caption-text\">Capital Factory president Bryan Chambers [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>Tang alone proved him right. Draper, a prominent, early-stage VC firm that\u2019s backed startups ranging from Tesla and Skype to Robinhood, invests in the likes of AI, robotics and automation, healthcare and biotech, and crypto and blockchain. Tang said that while he\u2019s confident AI represents the \u201cfourth industrial revolution\u201d over the long haul, the transition will bring short-term pain to many in the current workforce. \u201cBetter days are ahead,\u201d he said, \u201cbut that transition? I\u2019m not sure.\u201d<\/p>\n<p>During his talk, Tang also said he\u2019s optimistic about the safe use of nuclear power, advocated for reasonable cryptocurrency regulation at the federal level, and urged Texas entrepreneurs to be more risk-tolerant. \u201cHere you think big\u2014but let me help you to not, sort of, play too tight,\u201d Tang said. \u201cIt\u2019s OK to fail. There\u2019s nothing wrong with failing. That\u2019s one thing I learned from Silicon Valley. I find that in Texas, if we combined these two things\u2014thinking big and [taking] big risks\u2014it could become the next big venture market.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281612\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Andy-Tang_20251030VentureDallasConference-DSC_9716-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\"\/><\/p>\n<p id=\"caption-attachment-281612\" class=\"wp-caption-text\">Draper\u2019s Andy Tang [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>One entrepreneur who embodies risk-taking is Carmack, the <a href=\"https:\/\/dallasinnovates.com\/exclusive-qa-john-carmacks-different-path-to-artificial-general-intelligence\/\" rel=\"nofollow noopener\" target=\"_blank\">Dallas tech icon<\/a> who\u2019s now pursuing the keys to artificial general intelligence. In a riveting, \u201cno-nonsense\u201d conversation, Carmack explained that while the capabilities of today\u2019s large language models are amazing, they lack the \u201cclassical reinforcement learning abilities\u201d that are needed for continuous learning and long-term retention. As a result, he\u2019s zeroed in at Keen on a \u201cmore obscure field of AI, which is reinforcement learning,\u201d Carmack said. And he\u2019s doing so largely by \u201crunning Atari simulations on modest numbers of GPUs.\u201d<\/p>\n<p>Dallas-based Keen, which has raised $20 million from various investors including Capital Factory, is grounding these experiments in the physical world, with actual Atari systems on tables with TVs, cameras, and robot controllers moving joysticks, Carmack said. The success of his experiments will be in the actual market value they create, he said, not in whether they \u201cidentify the clear bright line of AGI\u201d\u2014a quest he dismissed as \u201cdorm room philosophy, arguments that are completely without value.\u201d<\/p>\n<p>\u201cWhat are people willing to pay for?\u201d he said. \u201cHow much value do they get out of this? I\u2019m comfortable letting that drive most of the marketing investment.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281613\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/John-Carmack-20251030VentureDallasConference-_GM19051-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\"\/><\/p>\n<p id=\"caption-attachment-281613\" class=\"wp-caption-text\">Keen Technologies founder John Carmack on stage with WSJ reporter Jennifer Hiller. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>A sold-out event<\/p>\n<p>The summit\u2019s final speaker was Lamm, whose Dallas-based Colossal focuses on disruptive conservation through \u201cde-extinction efforts,\u201d such as resurrecting the woolly mammoth, the dodo bird, and the dire wolf.<\/p>\n<p>Having attained a valuation of $10.3 billion since its founding in 2021 by Lamm and geneticist George Church, Colossal is taking a \u201csoftware programming\u201d approach to de-extinction, Lamm said, stressing precision in its gene editing. Its 2024 woolly mouse project, for example, produced 36 healthy mice with exactly targeted phenotypes, making it what Lamm called the most precision-edited multicellular organism on the planet.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281614\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Ben-Lamm-and-Bloomberg-moderator-20251030VentureDallasConference-_GM19140.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281614\" class=\"wp-caption-text\">Colossal co-founder and serial entrepreneur Ben Lamm talks de-extinction at Venture Dallas. [Photo: Grant Miller Photography\/Venture Dallas]<\/p>\n<p>The company deploys artificial intelligence across multiple functions\u2014\u201cWithout AI, our projects would take 50 years plus,\u201d Lamm said\u2014and has found success on the national stage after oversubscribing every one of its funding rounds. \u201cAnybody who tells you they don\u2019t have trouble raising money is just lying,\u201d Lamm said. \u201cBut we\u2019ve also worked hard.\u201d<\/p>\n<p>He added that while he obviously appreciates Colossal\u2019s \u201ceconomic returns,\u201d he\u2019s motivated as well by the \u201cinspiration aspects\u201d of the company\u2019s work. By that, Lamm said, he means the \u201cpromise we\u2019ve made to kids in the world\u2014the people that are rooting for us in your random classroom in Middle America. I think that promise is as big as a promise we make to an investor that gives us $300 million.\u201d \u00a0<\/p>\n<p>Toward the end of the day, Pierce, the Venture Dallas chair, said the 2025 conference showed that the North Texas startup community has made great strides in the last year or so: It\u2019s attracted new companies like Stablecore, hosted new venture funds like DTX, and watched Colossal attain decacorn status.<\/p>\n<p>\u201cThere\u2019s clearly so much energy in our space,\u201d Pierce told Dallas Innovates. \u201cHow do we unlock that energy and create more great companies and more good outcomes for investors? It\u2019s clear that something\u2019s happening, and we\u2019re tapping into that energy.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-281617\" class=\"img-responsive\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/Aaron-Pierce_VD2025_20251030VentureDallasConference-_GM17547_970.jpg\" alt=\"\" width=\"970\" height=\"647\"\/><\/p>\n<p id=\"caption-attachment-281617\" class=\"wp-caption-text\">Venture Dallas chair and Perot Jain partner Aaron Pierce [Photo: Grant Miller Photograhy\/Venture Dallas]<\/p>\n<p>One indication of this enthusiasm was attendance at the conference itself, he said. \u00a0\u00a0<\/p>\n<p>\u201cI look 12 months from where we were last year, and this year there were people outside trying to get into a sold-out event,\u201d Pierce said. \u201cThere was a line out the door, with people asking, \u2018Hey, can I buy a ticket?\u2019 And sadly, we had to say no. We couldn\u2019t accept one more without violating the venue constraints on capacity. So maybe, in the future, you think about if there\u2019s a venue that can fit even more people.\u201d<\/p>\n<p>Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n<p style=\"font-size: 1rem; line-height: 1.5; margin: 0 0 10px 0;\">Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n<p>\u00a0<\/p>\n<p>\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n<p>\t<a href=\"https:\/\/dallasinnovates.com\/calendar\/\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"464\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/calendar-lukpedclub_istockphoto_weekly-calendar-811171674_1027x1027.jpg\" class=\"attachment-rp4wp-thumbnail-post size-rp4wp-thumbnail-post wp-post-image\" alt=\"\"  \/><\/a><\/p>\n<p>North Texas has plenty to see, hear, and watch.\u00a0Here are our editors&#8217; picks. Plus, you&#8217;ll find more selections to &#8220;save the date.&#8221;<\/p>\n<p>\t<a href=\"https:\/\/dallasinnovates.com\/dallas-regional-chamber-offering-human-help-to-talk-to-machines\/\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"464\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/DRC-TalkToMachines-adobe1-970.jpg\" class=\"attachment-rp4wp-thumbnail-post size-rp4wp-thumbnail-post wp-post-image\" alt=\"\"  \/><\/a><\/p>\n<p>AI seem overwhelming? Just go to office hours.\u00a0<\/p>\n<p>\t<a href=\"https:\/\/dallasinnovates.com\/venture-dallas-host-startup-of-the-year-semi-finalists-at-petroleum-club-4242\/\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"464\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/VentureDallas_SOTYPhoto1-970.jpg\" class=\"attachment-rp4wp-thumbnail-post size-rp4wp-thumbnail-post wp-post-image\" alt=\"\"  \/><\/a><\/p>\n<p>Top executives at Nasdaq and Susser Bank celebrated high-growth potential companies contributing to region\u2019s rise in entrepreneurship and innovation<\/p>\n<p>\t<a href=\"https:\/\/dallasinnovates.com\/ai-tinkerers-now-has-a-dallas-fort-worth-chapter-this-is-for-people-who-are-actually-using-ai\/\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"464\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/AI-Tinkers-composite-illustration.jpg\" class=\"attachment-rp4wp-thumbnail-post size-rp4wp-thumbnail-post wp-post-image\" alt=\"\"  \/><\/a><\/p>\n<p>Data scientist Anmolika Singh put Dallas on the global AI Tinkerers map. At the first meetup, more than 30 pros\u2014founders to Fortune 500 technologists\u2014showed up to trade ideas, projects, and solutions.<\/p>\n<p>\t<a href=\"https:\/\/dallasinnovates.com\/who-made-this-years-ai-75-list-meet-the-north-texans-leading-the-pack-in-artificial-intelligence\/\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"464\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/AI75title-2025-970.jpg\" class=\"attachment-rp4wp-thumbnail-post size-rp4wp-thumbnail-post wp-post-image\" alt=\"\"  \/><\/a><\/p>\n<p>Dallas Innovates, in partnership with the Dallas Regional Chamber, once again is recognizing the most innovative leaders in AI in Dallas-Fort Worth. From visionaries and mavericks to transformers and academics, AI 75&#8217;s class of 2025 are the AI pacesetters you need to know now.<\/p>\n","protected":false},"excerpt":{"rendered":"It made perfect sense that organizers of last week\u2019s 2025 Annual Venture Dallas Conference chose the private library&hellip;\n","protected":false},"author":2,"featured_media":37209,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[23337,23338,4267,23339,23340,23341,22544,22988,23342,22548,102,104,103,23343,23344,23345,23346,23347,23348,5406,23349,23350,23351,23352,19790,23353,23354,23355,430,23356,23273,23072,16319,15750,10714,16291,23357,11901,22554],"class_list":["post-37208","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-aaron-pierce","tag-access-healthcare","tag-ai","tag-andy-tang","tag-anurag-jain","tag-apptronik","tag-ben-lamm","tag-bobby-franklin","tag-brian-daniel","tag-colossal-biosciences","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-draper-associates","tag-drew-mcknight","tag-elaine-agather","tag-fortress","tag-george-w-bush-presidential-center","tag-harlan-crow","tag-innovation","tag-jeff-cardenas","tag-jenn-yandle","tag-john-carmack","tag-jpmorgan","tag-jpmorgan-chase","tag-lh-capital","tag-ncva","tag-nicole-small","tag-north-texas","tag-nyse-texas","tag-pegasus-park","tag-robotics","tag-ross-perot-jr","tag-smu","tag-startups","tag-texas-stock-exchange","tag-txse","tag-venture-capital","tag-venture-dallas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/37208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=37208"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/37208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/37209"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=37208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=37208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=37208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}