www.texasventurelabs.net
1
The What …
 Venture Labs is a University wide
interdisciplinary education and research
initiative to support entrepreneur...
… The How …
 Venture Labs delivers the intellectual
horsepower to promote new venture creation
at UT Austin through educa...
… and What’s Unique
 Venture Labs is Built on the entrepreneurial
skunk-works that has thrived at UT Austin for
the last ...
Venture Labs Positioning
 Looks like a venture capital firm
 Relies on outside sources of capital
 Not reproducing any ...
How We’re Doing It
6
How We’re Doing It
7
How We’re Doing It
8
How We’re Doing It
9
Process
10
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
Team
• Fu...
Timeline
11
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
Team
• F...
Timeline
12
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
Team
• F...
Timeline
13
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
Team
• F...
Success Stories
14
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
T...
Success Stories
15
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
T...
Success Stories
16
Stage 2
• License
• Market
Validation
• Product
• Business
Model
• Business Plan
Stage 3
• Management
T...
Organization
 Faculty Directors
 Focus on entrepreneurial faculty from across campus
 Post-graduate Manager positions
...
Venture Labs Initiatives
 Engineering partnership
 Law school involvement
 Cross-campus course offerings
 CTAN relatio...
Next Speakers
 Daniel Nelson, co-founder, Phurnace Software
 Randall Crowder, president of Venture
Fellows, Executive Di...
Please Give Back to McCombs!
This webinar has been brought to you by the
McCombs Alumni Advisory Boards, coordinated by
al...
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KTG Texas Venture Labs

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KTG Texas Venture Labs

  1. 1. www.texasventurelabs.net 1
  2. 2. The What …  Venture Labs is a University wide interdisciplinary education and research initiative to support entrepreneurship, innovation and company formation while providing a unique and directly applicable educational experience for participating students and a research environment for faculty. 2
  3. 3. … The How …  Venture Labs delivers the intellectual horsepower to promote new venture creation at UT Austin through education and mentoring; market and business plan validation; team-building and networking; and providing direct links to resources and funding. 3
  4. 4. … and What’s Unique  Venture Labs is Built on the entrepreneurial skunk-works that has thrived at UT Austin for the last five years and produced substantial results. 4
  5. 5. Venture Labs Positioning  Looks like a venture capital firm  Relies on outside sources of capital  Not reproducing any on campus or business organization  Acts a consultation and recommendation source  Designed to accelerate company formation  Will selectively take on projects and provide labor in the early days and expand this over time  Run by students across campus who will be learning the process while building companies 5
  6. 6. How We’re Doing It 6
  7. 7. How We’re Doing It 7
  8. 8. How We’re Doing It 8
  9. 9. How We’re Doing It 9
  10. 10. Process 10 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest
  11. 11. Timeline 11 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest March 2010: Initial focus sourced from Graduate Business and Engineering programs
  12. 12. Timeline 12 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest March 2010: Initial focus sourced from Graduate Business and Engineering programs September 2010: Signature deals sourced from OTC, Graduate Business and Engineering programs
  13. 13. Timeline 13 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest March 2010: Initial focus sourced from Graduate Business and Engineering programs September 2010: Signature deals sourced from OTC, Graduate Business and Engineering programs 2010: Perfect the model with Law, Business and Engineering Graduate programs 2011: Expand to Business and Engineering Undergraduate programs 2012: Expand across campus
  14. 14. Success Stories 14 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta
  15. 15. Success Stories 15 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta
  16. 16. Success Stories 16 Stage 2 • License • Market Validation • Product • Business Model • Business Plan Stage 3 • Management Team • Funding • Launch Stage 4 • Ongoing Mentoring • Growth • Harvest Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta
  17. 17. Organization  Faculty Directors  Focus on entrepreneurial faculty from across campus  Post-graduate Manager positions  Provide first level management of student projects and resources  Day to day operations staffed by students  Experiences  Venture Capital  Entrepreneurship  Operational positions  Student Compensation  Course credit  Relevant experience 17
  18. 18. Venture Labs Initiatives  Engineering partnership  Law school involvement  Cross-campus course offerings  CTAN relationship  Venture Week  Automated advisory board deal screening  Technical advisory board  Investment Competition  Possible centralization of cross-campus student entrepreneurial efforts 18
  19. 19. Next Speakers  Daniel Nelson, co-founder, Phurnace Software  Randall Crowder, president of Venture Fellows, Executive Director of Central Texas Angel Network 19
  20. 20. Please Give Back to McCombs! This webinar has been brought to you by the McCombs Alumni Advisory Boards, coordinated by alumni for the benefit of the Alumni Network. Please get involved with the Alumni Network! All alumni benefit when we work together to build the quality and value of the Alumni Network and the McCombs brand. Time: Get involved in your local club Talent: Mentor another alumni or speak at a future webinar Treasure: Make a donation to McCombs www.mccombs.utexas.edu/alumni Suggested fund: MBA Alumni Excellence Fund Please use response code KTG Send me your feedback -- jmbock@gmail.com
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