Money is set aside in the CCG Student Internet Fund for student funding initiatives. Only UT MBA students are eligible to serve on the board of the fund. In essence, CCG provides the capital, expertise and oversight while students provide the human resources and business ideas. The fund is negotiating for office space at the Austin Technology Incubator so that no UT resources are used. Once a deal is funded, the team will oversee the process of helping build the new company in form and function.
Venture capitalists belong to a very tight-knit community which is very difficult to break into.
Working on this fund gives students the rare opportunity to see what venture capitalists are looking for and what start-ups are doing to secure funding. Walbom was very proactive in turning the idea for the fund into reality. Kiltz and Walbom met coincidentally at the annual Entrepreneur Society bash hosted by Professor Jeff. Sandefer at his ranch estate. Walbom, who came to UT with a hunger for venture capital, ran with it.