1. Texas Venture Labs McCombs School of Business
The University of Texas at Austin
Company Information Session
5/15/2014

2. Accelerate UT and Local Startups
Mission
Accelerate UT and Local Startups
Help raise capital
Bring products to market
Develop a growth strategy
Transform UT Graduate Students
Create and inspire future entrepreneurs and business leaders
Create a Community

3. What is Texas Venture Labs?
Texas Venture Labs Practicum
Accenture Venture Partner Program
New Venture Creation
(NVC)
Venture Labs Investment Competition
TVL Scholarship Program

4. Texas Venture Labs Practicum

5. 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
IT’S AN ENTREPRENEURSHIP COURSE
Learn the process of new venture creation from distinguished faculty and industry practitioners
IT’S A PRACTICUM
Apply what you learn in class in real time with real startups
Project-based consulting
Cross-disciplinary team approach
IT’S AN ORGANIZATION
Build a network with other entrepreneurial grad students
Career opportunities in the startup community
Entrepreneurship events:
Venture Expo
Venture Labs Investment Competition
CTAN meetings
Social events
Opportunities to help grow the TVL brand:
Recruiting, marketing, etc.

6. 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
IT’S AN ENTREPRENEURSHIP COURSE
Learn the process of new venture creation from distinguished faculty and industry practitioners
IT’S A PRACTICUM
Apply what you learn in class in real time with real startups
Project-based consulting
Cross-disciplinary team approach
IT’S AN ORGANIZATION
Build a network with other entrepreneurial grad students
Career opportunities in the startup community
Entrepreneurship events:
Venture Expo
Venture Labs Investment Competition
CTAN meetings
Social events
Opportunities to help grow the TVL brand:
Recruiting, marketing, etc.

7. 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.

8. Business Model Assessment
Project Focus Areas
Worked with Admittance Technologies to research three potential applications for their product, ultimately determining that one was viable and two were not.
Market Validation
Business Model Assessment
Examined the marketability of Kin Valley as a social media platform and worked with them to shift to a data-based business model.
Financial Analysis
Helped Moniker Guitars get their statements in order and analyze the information to validate their pricing model.
Add examples
Funding Guidance
Assisted Farmhouse Delivery in identifying their five-year growth potential based on different funding options (VC, Angel, Loans, Bootstrap).
Competitive Analysis
Looked into competitors and substitutes for Jurify and found they did not provide enough differentiation to gain funding.

9. TVL in Action Fall 2010 Spring 2011 Fall 2011 Akimbo
Digital Harmony Games
RayDyne Energy
Salient Pharmaceuticals
Televero Health
Vocal Media
Zilker Motors
Atonometrics
Hurricane Party
Hyperware
M87
Ovna Medical
ThaTrunk
Alafair Biosciences
eCampusTutors
Infochimps
Mass Relevance
SpectraPhase
Xeris Pharmaceuticals

10. TVL in Action
Spring 2012
Fall 2012
Spring 2013
Escapaide
EyeQ
Health Information Associates
Jurify
Nuventix
Paybook
TeVido Biodevices
Unique Influence
Clear Technology Systems
Enerlyte
Gametime Arena
Terra Pave
Titralyte
Vecturalux
Admittance Technologies
Altogen Labs
Carnegie Design Systems
Cellular Machines
IncentTo
Infinite IO
Vampire Labs
77 companies • Over 41% funded • Over $203 million raised

11. What we look for while evaluating companies: Good fit for TVL
Company Evaluation
What we look for while evaluating companies:
Good fit for TVL
Projects in line with TVL expertise
Students will be interested in the company
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.

12. Benefits of the accelerator
man hours of multi-disciplinary, talented grad student work
Opportunity to pitch your startup at “Investor ready” Venture Expo
Access to TVL resources and larger Austin-based entrepreneurial community
Wide range of potential projects for most business challenges, not limited to fundraising
TVL takes no money or equity.
Add examples

13. Application Process and Timeline
Application Currently Live at bit.ly.com/ApplyTVL2014
Submit basic company information online
Due: June 15, 2014
Interview with TVL staff
Rolling interviews
Completed by: June 25, 2014
Selections communicated: July 1, 2014
First Day of Class: September 9, 2014

14. Questions? Learn more at http://bit.ly/TVLaccelerator
Apply online at

15. tvl.utexas.edu infoTVL@mccombs.utexas.edu
Questions?
tvl.utexas.edu