This document provides information about Venture Labs, including its mission, objectives, structure, initiatives, and student application process. Venture Labs is an interdisciplinary initiative at the University of Texas at Austin that supports entrepreneurship and company formation. It delivers resources and mentoring to promote new ventures. The document outlines the multi-stage application process for students, which involves a business plan analysis, team presentations, and interviews. The goal is to select around 30 students from various graduate programs to participate in Venture Labs as associates during the fall semester.

1. Informative Slides & Application
Process
Spring 2011

2. Agenda
• Venture Labs Intro and Objectives
• Past Success Stories
• Recruitment and Student Application
Process
2

3. Mission
• 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.
3

4. Objectives
• 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
– Providing direct links to resources and funding
4

5. Structure and Position
• Designed to accelerate company formation
• Run by students across campus
• Acts as a consultation and recommendation source
• Looks like a venture capital firm
• Relies on outside sources of capital
• Not reproducing any on-campus or business
organization
• Will selectively take on portfolio companies for
business development in the beginning and expand
this capacity over time
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6. Initiatives
• Engineering, Law School and CNS partnership
– Cross-campus course offerings
• CTAN relationship
• Venture Week / Venture Expo
• Venture Labs Investment Competition
– Formerly MOOT Corp
• Industry Advisory Council
• Technical Advisory Board
• Possible centralization of cross-campus student
entrepreneurial efforts
6

7. Portfolio Company Application Process
• 1) Determine deal stage (see website ‐
www.TexasVentureLabs.net)
• 2) If there is a fit with the deals Venture Labs is
currently handling, entrepreneur will fill out an in‐
depth online applicaFon through AngelsoH.
• 3) Complete profiles are reviewed and prioriFzed by
an independent Advisory Council based upon
commercializaFon potenFal
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8. Benefits
• Real-world startup experience
• Course Credit
• Networking Opportunities
• Post-Graduate Fellowship Positions
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9. Success Stories
Ty p i c a l S t a r t u p L i f e c y c l e
n am ng
on )o el Te tori
) da od an nt en
era ch gy ali M Pl me M h
en r olo nse t V ct ss ss ge g h g st
a G esea hn e rke rodu usine usine na din nc goin rowt arve
Ide R Tec Lic Ma P B B Ma Fu
n Lau On G H
Stage I Stage II Stage III Stage IV
Wibole

10. Recruitment
• Seeking 7-10 MBAs and 5 Engineer, 5 Law, 5 CNS
Students for Fall 2011 class
– Total class size is 30
• Selected individuals will participate in the program during
Fall semester 2011 as TVL Associates
• Associates may be selected to continue as TVL Principals
during Spring semester 2012
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11. Venture Labs Practicum Logistics
• All participants will receive directed-study credit through
MAN 385 - Venture Labs Practicum
– Monday from 6:00 – 9:00 pm
• All participants can expect an average deal load of 1
Stage III/IV deals and 1 Stage II deal
– Students can expect 8-10 hrs/week for class and startup work
• Principals and Senior Associates serve as deal leads
• Associates serve as deal team-members
• All participants should look to add value where needed
11

12. Application Process: MBA
• Interested applicants: email application
– TexasVentureLabsRecruiting@gmail.com
– Resume and cover letter explaining interest in Venture Labs
• 1st Round: Submission
– Investment recommendation (1-page Quick Screen and 2-page Summary)
• 2nd Round: Selected candidates will be assigned to teams and have
~1 week to formulate a team recommendation and 10 min.
presentation on the same case used in Round 1
– Team presentations will be judged by selected Advisory Council members and
Entrepreneurship Faculty
– Candidates will complete self- and team-evaluations based on presentations
• 3rd Round: Selected individual candidates will be invited to a 30-min.
behavioral interview
– Individuals will discuss team member evaluations
12

13. Application Timeline: MBA
• Feb. 16th, 7:00 pm - Information Session
• Mar. 3rd, 12 pm – Application deadline
– Resume
– 1 pg. Cover Letter detailing your interest in TVL and why you would be a good fit
– Email submissions to: TexasVentureLabsRecruiting@gmail.com
• Mar. 3rd, 5 pm - Receive business plan via email
• Mar. 22nd by 5:00 pm – 1st Round submissions due
– Case Analysis/Investment Decision due (via email to
TexasVentureLabsRecruiting@gmail.com)
• Mar. 22nd – Candidates announced and organized into teams
– Teams (MBA/Law/Eng/CNS) will sign up for presentation times via email
• Mar. 28th – 2nd Round Team Presentations
• Apr. 4-8 – 3rd Round Interviews
• Apr. 15th – Fall 2011 TVL Associates announced
– Happy Hour to welcome new Associates.
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14. Application Process: Non-MBA
• Interested applicants: email to request business plan
– TexasVentureLabsRecruiting@gmail.com
– Resume and 1 pg. Cover Letter explaining interest in Venture Labs
• 1st Round: Submission
– You will receive a business plan via email
– Become familiar with the business plan and those issues you feel are pertinent in
determining whether or not to invest in the business
• 2nd Round: Selected candidates will be assigned to teams
and
have 2 weeks to formulate a team recommendation and 10
min. presentation on the same case used in Round 1
– Team presentations will be judged by selected Advisory Council members and
Entrepreneurship Faculty
– Candidates will complete self- and team-evaluations based on presentations
• 3rd Round: Selected individual candidates will be invited to a 30-min.
behavioral interview
– Individuals will discuss team member evaluations
14

15. Application Timeline: Non-MBA
• Information Sessions:
– Engineering: Monday, February 28, 2011, 4:30 PM Room: CPE 2.214
– Law: Wednesday, March 2, 2011, 5 PM Room: TNH 2.138
– CNS: Thursday, March 3, 2011, 5 PM Room: ACES 2.402
• Mar. 9th, 12 pm – Deadline to submit applications
– Resume & Cover Letter
– TexasVentureLabsRecruiting@gmail.com
• Mar. 10th, 5 pm – Receive business plan
• Mar. 22nd – Candidates announced and organized into teams
– Teams (MBA/Law/Eng/CNS) will sign up for presentation times via email
• Mar. 28th – 2nd Round Team Presentations
• Apr. 4-8 – 3rd Round Interviews
• Apr. 15th – Fall 2011 TVL Associates announced
15

16. Questions
TexasVentureLabsRecruiting@gmail.com
www.TexasVentureLabs.net