SURGE Accelerator - After 1st Class
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SURGE is preparing for Class 2 of entrepreneurs and start-ups to accelerate their business beginning in February 2013. Learn about what SURGE is, how it fits into the Energy Ecosystem, and what is on the horizon!
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SURGE Accelerator - After 1st Class
- 1. “THE WORLD ECONOMY HAS A VORACIOUS APPETITE FOR ENERGY, SO THANK GOD WE CAN DO THIS.” - Rex Tillerson CEO of Exxon
- 3. SURGE: Purpose and Mission CORE PURPOSE Enable entrepreneurs to solve the world’s energy problems using software MISSION Establish SURGE as the pre-eminent seed accelerator and seed investor/mentor for Energy Software Startups 1
- 4. SURGE is based on proven for-profit Seed Accelerator Model Model based upon a highly competitive application processes, accepting 10 promising start-ups per class Stress tested at Y-Combinator and TechStars, with both groups exhibiting healthy returns (~2x – 4x) SURGE is Houston’s first accelerator, and the country’s first energy software accelerator SURGE’s focus is on low capital intensive software companies from the entire energy value stream SURGE has over 100 mentors who work in depth with companies to improve their business plans and introduce them to customers and connections
- 5. ENERGY IS OUR GREATEST CHALLENGE AND OUR LARGEST OPPORTUNI TY
- 6. WHY NOW Crew Change Decentralize Software Angel$
- 8. Deep Domain Expertise is CRITICAL Including energy company CEOs, entrepreneurs, consultants, venture capitalists, and angels
- 13. SURGE I exceeded expectations SURGE was recognized in the recent accelerator rankings as a vertical accelerator to watch SURGE I had healthy deal flow with 415 prospects and over 110 applications SURGE hopes to have 7 of 11 companies funded within one year of SURGE Day In one year, SURGE has established deep relationships with energy companies and investors SURGE Day 2012 was rated excellent or above average by 97% of respondents
- 14. Company case studies Visualization of oil and gas data on google maps Intelligent, cloud-based software for energy trading risk management Revolutionary technology for enhanced electromagnetic imaging
- 15. SURGE Team has deep experience Kirk Coburn SURGE Co-Founder/Managing Director/Board Member, serial entrepreneur, large corporate experience, PGA Tour Network, Chief Outsiders, UT MBA Sarah Groen SURGE Co-Founder/Director, investment professional at The CapStreet Group, analyst at Simmons and Company, Boston Consulting Group, Stanford MBA Mary Helen O’Leary SURGE CFO, Principle at Project CFO, CFO at Sternhill Partners, DFJ Mercury, board member of Houston Angel Network, former SunGard Energy executive, Chicago MBA Melanie Jones SURGE Marketing & Ops Fellow, Rice MBA, social media strategist at Waste Management, affiliate marketing at Ecom Access Andrew Clark SURGE Co-Founder/Board Member, former Chairman of Houston Angel Network, advisor to Houston Technology Center, DFJ Mercury, Compaq executive, Pricewaterhouse Coopers executive, Reliant Energy executive
- 16. Contact Information Kirk Coburn Sarah Groen Mary Helen O’Leary Co-Founder, Managing Director Co-Founder, Director CFO kirk@surgeaccelerator.com sarah@surgeaccelerator.com maryhelen@surgeaccelerator.com 512-657-2749 361-548-8170 713-851-1510 26
Editor's Notes
- Types of opportunities, cleantech transitioning to more capital efficient. With these trends, Lack of early stage capital in this space,
- Software includes: Consumerification of IT Big Data capture, curation, storage, search, sharing, analysis, and visualization. High Performance Computing being applied to both technical and scientific applications Cloud Computing Mobile
- Houston is the Energy Capital of the World. There are over 5,000 energy companies headquartered here. The customers are here! Houston is the second largest IT Services Economies in the world. You need talent and deep domain expertise. We have it. Texas is a fully deregulated utility market. Competiton runs in our blood. Entrepreneurs are welcome. Texas has deployed the largest number of smart meters in the country. These data hogs are generating massive amounts of bits continually. And we need entrepreneurs that can manage, analyze and act upon it. Houston is the home of Energy Trading. The users, producers, and marketers of energy commodities live here. And they are asking for better tools, visibility, and analysis. The city of Houston is the largest purchaser of green power in the nation. We get it. Texas generates more wind energy than anyone else. We need to use it like our friends over at Clean Line Energy Partners. Houston's ecosystem is second to none because of the customers, the capital, the service providers that know how to work in this industry and the community of other leading entrepreneurial partners like the Rice Alliance and Houston Technology Center.