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    Profiles of Innovation

    A city of entrepreneurs: With $250 and a dream, Danny Arnold built a sportstraining empire

    Clifford Pugh
    Jul 18, 2011 | 6:23 pm
    A city of entrepreneurs: With $250 and a dream, Danny Arnold built a sportstraining empire
    play icon

    What is an entrepreneur?

    "A person who organizes and operates a business or businesses taking on greater than normal financial risks in order to do so," is the dictionary definition.

    But in practice, it's much more than that.

    It means going out on a limb, working long hours with little sleep, often risking your life savings, a steady income, health insurance and other life amenities in pursuit of a dream.

    Houston is dominated with such dreamers who put their plans into action. Being a entrepreneur seems to be part of the city's DNA. Perhaps it stems from the wildcatter days, where prospectors staked their futures on the search for oil and, in the process, lost and won several fortunes in one lifetime.

    Nowadays, a variety of factors makes Houston an entrepreneurial hotbed, says Ken Jones, associate director of the Wolff Center for Entrepreneurship at the University of Houston.

    A large port handling a booming import/export business, a history of energy exploration and thriving medical center all provide opportunities for the creative class. "That's a pretty nice triangulation to hang your hat on," Jones says.

    The diversity of the city offers a welcoming attitude for those who want to take a chance. In addition to newcomers, the entrepreneurial spirit draws those who took early retirement, got bored and started figuring out how to reinvent themselves along with those who got laid off and are coming up with new ideas because they don't want to leave the city they love. (Ironically, some of the world's best ideas take place during a recession.)

    Jones also believes there's an inward focus in Houston right now, where a desire to create big things is part of the city's fabric. "We're not making our money and leaving. We're making our money and staying," he says.

    With $250 and big dreams, Danny Arnold opened a sports training facility in Houston 14 years ago. Now he owns Plex sports training centers in Sugar Land, Katy and Willowbrook that have become the go-to place for an impressive roster of pro sports stars, including Lance Berkman, Julius Peppers, Kevin Kolb and the Lopez siblings, along with everyday Joe's and Jane's seeking a place to get fit.

    In the first of the CultureMap series Profiles of Innovation Arnold tells videographers Douglas Newman and John Carrithers about the entrepreneurial spirit that led him to think big and why the exercise business in Houston will grow and prosper.

    "I'm leading a charge for an industry that remains untapped," he says.

    unspecified
    news/innovation

    start me up

    Texas ranks near the top of best states for startups, study finds

    John Egan, InnovationMap
    May 12, 2025 | 1:30 pm

    Texas ranks third on a new list of the best states for investors and startups.

    Investment platform BrokerChooser weighed five factors to come up with its ranking:

    • 2024 Google search volume for terms related to investing
    • Number of investors
    • Number of businesses receiving investments in 2024
    • Total amount of capital invested in businesses in 2024
    • Percentage change in amount of investment from 2019 to 2024

    Based on those figures, provided mostly by Crunchbase, Texas sits at No. 3 on the list, behind No. 1 California and No. 2 New York.

    Especially noteworthy for Texas is its investment total for 2024: more than $164.5 billion. From 2019 to 2024, the state saw a 440 percent jump in business investments, according to BrokerChooser. The same percentages are 204 percent for California and 396 percent for New York.

    “There is definitely development and diversification in the American investment landscape, with impressive growth in areas that used to fly under the radar,” says Adam Nasli, head analyst at BrokerChooser.

    According to Crunchbase, funding for Texas startups is off to a strong start in 2025. In the first three months of this year, venture capital investors poured nearly $2.9 billion into Lone Star State companies, Crunchbase data shows. Crunchbase attributes that healthy dollar amount to “enthusiasm around cybersecurity, defense tech, robotics, and de-extincting mammoths.”

    During the first quarter of this year, roughly two-thirds of VC funding in Texas went to just five companies, says Crunchbase. Those companies are Austin-based Apptronik, Austin-based Colossal Biosciences, Dallas-based Island, Austin-based NinjaOne, and Austin-based Saronic.

    ---

    This story originally was published on our sister site, InnovationMap.

    Houston Downtown modern business city with skyscraper city scape with park view from Buffalo Bayou center of Houston city, Texas, United States of America, US at sunset time
      
    Getty Images

    Texas remains a leading destination for startups.

    news/innovation

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