Texas Venture Labs

McCombs School of Business The University of Texas at Austin

Company Information Session

5/15/2014

Mission

1. Accelerate UT and Local Startups

• Help raise capital

• Bring products to market

• Develop a growth strategy

2. Transform UT Graduate Students

• Create and inspire future entrepreneurs and business leaders

3. Create a Community

What is Texas Venture Labs?

Texas Venture Labs

Texas Venture

Labs Practicum

New Venture Creation

(NVC)

Venture Labs

Investment Competition

TVL Scholarship

Program

Accenture Venture Partner Program

Texas Venture Labs Practicum

What is the Texas Venture Labs Practicum?

Accelerator Organization Course

• Focus on entrepreneurship

• Students learn from top professors

• Work with local entrepreneurs

• Gain skills to help with projects for startups

• Startups partnered with with graduate students from across campus (MBA, Pharmacy, CNS, Engineering and Law)

• Create, supervise consulting projects based on real company challenges

• Students gain experience and apply your knowledge outside the classroom

• Get to know entrepreneurial-minded students from multiple degree programs

• Experience Austin entrepreneurial resources and events

How does it work?

Present startup to students of

first day of class

Assigned a cross-functional team (typically 2 MBA,

1 Law, 2 Technical) of graduate

students

Meet regularly with students to

complete consulting projects (receive

~500 hours of grad student work total).

Receive final deliverables from

team

Pitch startup at Venture Expo, an exclusive event

for "Investor Ready" ventures

Company Stages

Early Stage Growth Stage

• Usually pre-revenue • Typically <$50k raised • At least one full time employee Typical Projects: • Market research for commercial

viability • Target customers for product or

service • Go/No go decision for a startup

• Some revenue (often <$1M) • Raised some external funding • Typically have at least 1 non-

founder on team Typical Projects • Improved marketing strategy • Competitive analysis and

differentiation research • Best practices for sales, marketing,

and legal functions.

Project Focus Areas

Business Model Assessment

Market Validation

Competitive Analysis

Financial Analysis

Funding Guidance

Helped Moniker Guitars get their statements in order and analyze the information to validate their pricing model.

Examined the marketability of Kin Valley as a social media platform and worked with them to shift to a data-based business model.

Worked with Admittance Technologies to research three potential applications for their product, ultimately determining that one was viable and two were not.

Assisted Farmhouse Delivery in identifying their five-year growth potential based on different funding options (VC, Angel, Loans, Bootstrap).

Looked into competitors and substitutes for Jurify and found they did not provide enough differentiation to gain funding.

TVL in Action

Fall 2010 Spring 2011 Fall 2011

Atonometrics Hurricane Party

Hyperware M87

Ovna Medical ThaTrunk

Akimbo Digital Harmony Games

RayDyne Energy Salient Pharmaceuticals

Televero Health Vocal Media Zilker Motors

Alafair Biosciences eCampusTutors

Infochimps Mass Relevance

SpectraPhase Xeris Pharmaceuticals

TVL in Action

77 companies • Over 41% funded • Over $203 million raised

Spring 2012 Fall 2012 Spring 2013

Clear Technology Systems Enerlyte

Gametime Arena Terra Pave Titralyte

Vecturalux

Escapaide EyeQ

Health Information Associates

Jurify Nuventix Paybook

TeVido Biodevices Unique Influence

Admittance Technologies Altogen Labs

Carnegie Design Systems Cellular Machines

IncentTo Infinite IO

Vampire Labs

Company Evaluation

What we look for while evaluating companies:

1. Good fit for TVL

Projects in line with TVL expertise

Students will be interested in the company

2. Able to provide a good student experience

Willing to work closely with students

Will attend important accelerator events

First day of class, mid-semester update, Venture Expo, etc.

Benefits of the accelerator

1. 400-500 man hours of multi-disciplinary, talented grad student work

2. Opportunity to pitch your startup at “Investor ready” Venture Expo

3. Access to TVL resources and larger Austin-based entrepreneurial community

4. Wide range of potential projects for most business challenges, not limited to fundraising

5. TVL takes no money or equity.

Application Process and Timeline

Application Currently Live at

bit.ly.com/ApplyTVL2014 1. Submit basic company information online

Due: June 15, 2014

2. Interview with TVL staff

Rolling interviews

Completed by: June 25, 2014

3. Selections communicated: July 1, 2014

4. First Day of Class: September 9, 2014

Questions?

Apply online at http://bit.ly/ApplyTVL2014

Learn more at http://bit.ly/TVLaccelerator

Questions?

tvl.utexas.edu

infoTVL@mccombs.utexas.edu