2. Seed Accelerator Overview Provide Entrepreneurs with Capital, Mentorship & Connections, in Return for Equity Structured 12 week curriculum culminating in “Pitch Day” to Angels, VCs and Industry Execs Similar programs have achieved strong returns in other IT verticals
4. Case Studies: IT Successes Another Y-Combinator Win: WuFoo Exits for $35M, After Raising Only $118,000 $35M Salesforce.com has just announced that it is acquiring Heroku for $212M in cash $212M AOL acquired SocialThing with $550k in fund raising post TechStars $10M Limbo merges with Brightkite and announces $9M funding round $9M Localytics Raises $2.5M for Mobile Analytics Platform $3M Dallas’ TechWildcatters ImageVisionLabs raises $2M from Walden Venture Capital $2M
10. SMART GRID IT applications used to increase grid efficiency, measure demand, and reduce wasteIncludes Smart Grid, Smart Meter, and EV Grid TRADING & RISK MGMT(ETRM) Capital Markets + IT = Increased visibility and flexible response to supply or demand shocks DIGITAL OILFIELD Data + IT used to maximize production, safety, and efficiency at the wellhead Efficient Energy Software Technologies
11. Portfolio Strategy FOCUS: Entrepreneurs developing innovative applications at the intersection of Energy + IT GOAL: Take startups from theory & prototype to pilot, next round of funding and commercialization INVESTMENT: 10 teams $30k per team 6% common equity
21. Business Plan and Financial Model Development Product Development and Market Validation Connect Lead Mentors to Teams Connections to Capital, Customers, Entrepreneurs, Expertise, Talent Mentor Workshops (Marketing, Sales, Ops, IT, Legal, etc.) Term Sheet Prep Customer Discovery Customer Creation Company Building Customer Validation STAGE 2: Product Readiness STAGE 1: Connections STAGE 3: Pilot Landing SURGE: Custom Curriculum Week 1 Week 4 Week 2 Week 3 Week 5 Week 6 Week 7 Week 8 Week 9 Week 12 SURGE DAY Pivot
22. Program Next Steps PILOT INCUBATION & FUNDING IDEA Global Entrepreneurs Incubators Texas Universities Pilots Industry Funding 40+ VC’s from SURGE DAY
72. Key Application Areas: Market data acquisition Real-time position tracking Predictive analytics & reporting Carbon trading Weather Integration Demand-Response integration Customers: Energy Companies Utilities Commodity Traders Companies that hedge energy use (i.e. airlines, freight logistics) Energy Trading & Risk Management: $500M market
73. Key Application Areas: Real time data acquisition Reservoir management Well modeling 4D Seismic Wireless remote operations Customers: E&P companies Oil field service companies Technology vendors Digital Oilfield
EXCELERATE LABS – CLASS 170 jobs$7.5M in seed money raisedExitreturnshalf of Fund I ($6.5M exitprice)
"If Thomas Edison looked at our power system, he would recognize it," he said. "Whereas, Alexander Graham Bell, if he looked at the communication services, he wouldn't recognize it at all. That's how archaic the infrastructure is.”Take advantage of Technology, Policy and Expertise Shift in Traditional Energy
"If Thomas Edison looked at our power system, he would recognize it," he said. "Whereas, Alexander Graham Bell, if he looked at the communication services, he wouldn't recognize it at all. That's how archaic the infrastructure is."
Building the necessary transmission infrastructure and utilizing modern information and communications technologies—that is, “smart grid” technologies—will facilitate the integration of renewable sources of electricity into the grid, accommodate the growing number of electric vehicles, help avoid blackouts and restore power quicker when outages occur, and reduce the need for new power plants. Smart grid technologies also provide a foundation for innovation by entrepreneurs and others who can develop tools to empower consumers and help them make informed decisions. A first generation of innovative consumer products and services—such as thermostats that can be controlled from a smart phone, or websites that show how much energy a house is using—can continue to help Americans save money on their electricity bills, and there is great potential to do even more.” – THE WHITE HOUSE
Energy Trading and Risk Management (ETRM) solutions provide a transparent view of complex portfolios consisting of physical, financial, and natural positions across all commodities, including crude oil, fuels, natural gas, coal, refined products, and power. Complete ETRM systems also optimize business processes around the physical movement and delivery of commodities and the risks associated with those activities. They also enhance the effectiveness of settlement, accounting, and reconciliation processes.Comprehensive ETRM solutions deliver a single platform with the ability to view all exposures and risk analytics, capture transactions, execute logistics, manage positions, perform settlement and accounting functions, and meet compliance requirements. By fully integrating all data and processes into one platform, companies realize improved business process efficiency and transparency across the front, middle and back office. The volatility, complexity and pace of change in the wholesale energy markets present significant opportunities – and equally significant risks. In this environment, energy companies need to build sophisticated, functionally rich capabilities to address price, credit, operational and regulatory risks. At the same time, they need to remain flexible enough to respond to new opportunities and competitive pressures. This requires a combination of deep industry knowledge, robust business processes and integrated, scalable IT systems.We are looking for entrepreneurs that understand and can develop software solutions that offer commodity exposed companies the ability to manage all aspects of the front, mid and back-office processes. Key Application Areas:• Market Data acquisition • Real-time data, connectivity and analysis• Regulatory compliance• Analyzing and managing transaction and portfolio risk• Clearing and reconciling transactions, as well as transaction invoicing and accounting• Carbon trading• Weather Integration• Demand-Response integration