Last week I was granted the honor of serving as the student president of the non-profit Texas Ventures. This opportunity is truly a dream come true for me. However, more importantly this opportunity is extradorinary for me to use my experience with the Longhorn Startup Community to enhance the student entrepreneurs habitat on the 40 acres. We currently have 3 committed students (2 Longhorns, 1 Wolverine) dedicated to serving Texas Ventures for the interim period through summer.
Over the next few months we will be releasing the various ideas and plans that Texas Ventures will execute over the next two years. Most of these initiatives are projects that we have been talking about around campus for longer than the week I’ve been in office. The confidence we can assume depending on the degree backing the Texas Ventures alumni network will ignite. An alumni that successfully raised $300,000 for 4 startups during their first 2 years of existence. This money has gone on to sustain 2 of the 4 companies. One of them has even captured a revenue stream topping 1 million dollars.
We are thinking of a dynamic array of tangible benefits we can acquire, as a registered student organization, and offer to student entrepreneurs based on merit. Also I’ve identified the potential creation of the Agora Entrepreneur Incubation Facility ran for the student entrepreneurs by the students. Use of this facility could potentially be determined by entrepreneur performance in the Agora Startup Challenge that will will be featured at the Texas Entrepreneurship Conference around the 3rd week of September pending activation of the Agora facility. This event can build enough entrepreneurial activity that Texas Ventures can transfer into entrepreneurial activity through the time period approaching UT Entrepreneurship Week, which is slated to occur for the 2nd time the week before SXSWi2013.