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An exclusive newsletter for students interested in startups and entrepreneurship at UT Austin.
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TUESDAY, NOVEMBER 8, 2016

Around 9:15am, I got a call from Josh Baer, Professor for Longhorn Startup & Founder at Capital Factory. The highly anticipated applications for next semester's Longhorn Startup Lab are officially live, and students are scrambling to find developers, build prototypes, and figure out if people will pay money for their products.

  • Startup snapshot: now approaching it's sixth birthday, LSL has incubated 80+ student startup teams across 8 semesters. In Spring 2016, 15 companies made it into the lab, but next semester, only 10 teams – maybe 11 – will make the cut. 
  • What should applicants do right now?: "If I were in their shoes, I'd focus on talking to as many people as people," Josh says, noting that it's critical for teams to speak intelligently about their customer's specific needs. 
  • Josh’s dream team: at the end of the semester, a dream lab company is one that’s “proven they have a real, viable business" that "attracts initial angel investment” and gets into a prestigious seed-stage program like Y Combinator or Techstars.
  • How UT stacks up: According to Josh, in comparison to programs offered by other universities, LSL is unique in that it gives undergraduate students course credit (a quick Google search turns up Free Ventures at UC Berkeley, which looks like a cross between LSL and UT's Genesis Program). 
  • What are you waiting for? Applications are reviewed on a rolling basis, and last call to apply is Thanksgiving Day. If you want some last minute feedback from Josh himself, don't miss Open Pitches this Thursday.
To drop out, or not to drop out? On Sunday, I judged the Texas ABSA Startup Simulation, where I ran into a friend who took a took time off from UT this semester to pursue his startup full time. I was surprised to learn that my friend –who we'll call Tim – is on the verge of deciding to leave Austin to move to the West Coast with his co-founder.
  • Advice from a veteran dropout: I mentioned Tim's situation to Josh on the phone this morning. As a college dropout himself, Josh's opinion is that it's not always easier to do a  startup out on the West Coast – it's harder to get noticed and recruit and attain talent, not to mention that it's more expensive. 
  • In case you were wondering: I think that Tim and his co-founder should take the risk and just go for it. I hear LA is beautiful this time of year... 
Next week, I'll share my full conversation with Tim about his potential move. Until then, scroll down for this week's events, forward this e-mail to a friend, or drop me a line

-- Kelsi

THIS WEEK'S EVENTS, BROUGHT TO YOU BY CLARISSA

Featured: Beatbox Presents: Austin Entrepreneurship

Wednesday, 11/9 • 6:45 - 8PM • Texas Hillel
What do boxed wine, Mark Cuban, $1M investment, and 3 UT alum have in common? BeatBox. Come hang out, eat free food, and hear about BeatBox's journey from idea to Shark Tank-funded company. 


Austin Design Week 2016

Now - Friday 11/11• Local Austin
Explore the creative side of entrepreneurship this week with open studio tours, printing/lettering workshops, and product design seminars around Austin. Most events are free with registration. 


Texas MSTC Information Session

Tuesday, 11/8 • 6-8PM • GSB 3.106
Looking to switch gears? Get a Masters of Science in Technology Commercialization. Check out this info session find out what it means to bring a high-tech product to market, and meet the program director and admissions staff firsthand.

Design Disruptors Screening
Friday, 11/11 • 6-7PM • Union Theatre
Facebook, Netflix, Google and Twitter might not be startups anymore, but they continue to dictate how the tech startup world operates on a daily basis. This exclusively screened documentary dives into the way the design revolution affects these big companies. 

Entrepreneurship Live! with Jeff Carpenter
Tuesday, 11/15 • 5:30-7PM • AT&T Conference Center Rm.202
Ignoring peer pressure to join the rat race when you want to start your own company is no easy task. Find out how Jeff Carpenter did it with two successful software companies. Stick around afterwards for a networking reception and free food! 

Bridging Disciplines Programs Info Session
Ongoing Tuesdays, 11/15 - 11/29 • 11-12PM • FAC 4
BDP's are great ways to get a versatile skillset and explore areas of study without the commitment of a minor. There's even an entrepreneurship track! Info sessions will take place every Tuesday of November. 

IBM SmartCamp Austin
Wednesday, 11/16 • 6-8:30PM • Techstars
Apply to be one of the six startups chosen to participate in a live pitch event hosted by IBM. This event literally takes place around the world, from Denver to Dubai to Bangkok. The 10 Global Semi-Finalists will be VIPS at the infamous LAUNCH festival. 

RECOMMENDED READING

"An Exclusive Interview with Tiffany Chen, Founder of Tiff's Treats"

Cookies: everyone's procrastination/post-breakup essential. LEA's Victoria Piranian serves up the scoop on Tiff's Treats founder Tiffany Chen's journey from class project to a booming cookie delivery business.  
Copyright © 2016 Longhorn Entrepreneurship Agency, All rights reserved.


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