What is Texas Ventures?

texas-ventures.jpgI’ve been doing a bit of networking lately, and so I have been working on my Texas Ventures pitch – or, at least trying to explain concisely what it is/does and why I care about it. Here’s what I got:

I’m a recent graduate. While I was at UT I co-founded (with Tom Serres & Brandon Chicotsky) a student group called Texas Ventures. It’s a group for student entrepreneurs to get together, learn, network, etc.

  • We keep a database of all student entrepreneurs on campus. Want-a-bes and real ones. The real ones are organized by industry, description of their business, level of their business, etc. and we provide a prospectus to the university and soon the city of Austin on the climate of entrepreneurship at the university. We will soon be allowing organization like Angel groups and VC’s we’ve partnered with to search this list. Using Angelsoft or an old fashion phone call, we’ll pass off or pitch the best ones to these groups. But only the best of the best, and only if they need it.
  • Of course, we have a speakers series and we try to go to lunch with a local entrepreneur every week – the last two people we spent time with were Gay Gaddis and Donald Zale.

Now that I’m graduating (and the others are too), we’re taking it to the next level and forming a nonprofit. Andrews-Kurth has taken us on pro bono and we’re working on our 501(c)3 status.

  • The nonprofit will provide small financing to student run businesses as well as grants (probably average of a few thousand/yr)
  • Through our advisor, John Sibley Butler, we are working with IC2 and the Herb Kelleher Center for Entrepreneurship to provide a physical location for these companies to work together in a co-working environment (perhaps similar to what some other Austinites are doing, with this atmosphere)
  • In that environment we’ll continue to bring in consultants/professors/etc to continually mentor these students

This is what I always wanted when I was a freshman/sophomore. And that’s what we have created.

Anything else I should include? Want to talk more about this – drop me a line: jmetcalf27 (at) gmail.com or 210.724.3619 – you can join the facebook group if you’re a UT student.

Couple call outs because I’ve been reading your blogs for a while and would like to get to know you guys: Texas Startup Blog,  Austin Startup.

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