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GOOSE Society Summer Investment Meeting

This past Thursday, June 21, 2018 the GOOSE Society of Texas hosted their summer investment meeting at the Jones Graduate School of Business at Rice University.  The geese hosted eight companies, two special guest speakers who provided a venture capital community update and swore in a new GOOSE member!

Alex Wesley, CEO of Arovia, on stage at the Texas A&M New Ventures Competition where his company took home the grand prize.

Out of the eight companies presenting GOOSE heard from many different verticals located in 4 different geographies, including Silicon Valley, China, and of course, Houston. The industries presented were consumer electronics, artificial intelligence, robotics, medical devices, and lastly manufacturing in specialty chemicals.  The GOOSE Society was pleased to have hosted Forest Devices, the 2017 Rice Business Plan Competition (RBPC) winner that is working towards the better treatment of stroke patients with their device, AlphaStroke.  The group also heard from the two GOOSE Society Prize winners of the Texas A&M New Ventures Competition, Arovia and M&S Biotics.

The special attendees were Gina Luna & Russ Capper who represented Houston Exponential (HX), an independent 501C-3 organization that supports the growth of the Houston innovation economy. HX leads on the opportunities that require collaboration across the ecosystem, champions the ecosystem by telling the innovation story of the region and its firms, and it builds and attracts the resources the innovation economy needs to thrive. Along with strong momentum powered by fourteen working groups operated with over two-hundred active volunteers from over fifty major corporations, HX has achieved a major milestone with its new innovation district. This 9.4 acre, $100 million redevelopment by Rice University of the Sears building in Midtown is expected to be complete in two years and will bring a district of dense, mixed used space that attracts talent and creates collisions among entrepreneurs, investors, academics and other ecosystem players.

The GOOSE Society of Texas is also thrilled to have sworn in a new member, Cris Gaut, the Chairman and CEO at Forum Energy Technologies!

The GOOSE Society of Texas looks forward to its next investment meeting in September.

 

Special thanks to Blake George, GOOSE Analyst for writing this update.

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The Rice Business Plan Competition and GOOSE have Deep Roots

The Rice Business Plan Competition (RBPC) is the largest and richest graduate-level student startup competition in the world.  Since its inception in 2001, RBPC has grown from 9 competing teams with $10,000 in prize money to 42 teams from around the world competing for more than $1.5 million in cash and investment prizes.  In 2005, as a way to support budding entrepreneurs and give back to the Houston community, Jack Gill and 4 other investors decided to form the GOOSE Society and give the grand prize at RBPC.  The GOOSE grand prize is now $300,000 with the potential of a much larger investment.

The early successes of GOOSE and RBPC are closely linked as both organizations helped the other to scale.  Over the thirteen year partnership, the Rice Alliance (RBPC) and the GOOSE Society have helped Rice Entrepreneurship climb to #2 in rankings published by Princeton Review and Entrepreneur Magazine.

Out of the twelve winners since GOOSE’s inception, there have been 4 successful exits with the most recent being Adhesys Medical (formerly Medical Adhesive Revolution).  Another noteworthy exit was Auditude which sold to Adobe.  Overall, RBPC winners have returned 2x more capital to the GOOSE Society than invested.

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The GOOSE Society and 2017 RBPC Winner Forest Devices.  The GOOSE Society invested the $300,000 grand prize and an additional $1.7 million bringing total investment to $2,000,000.

Click here to vote for the 2018 $5,000 People’s Choice Award sponsored by Sofihttps://poll.fbapp.io/rbpc-2018-poll

The GOOSE Society of Texas is an organization dedicated to the education and funding of entrepreneurs.  We are headquartered in Houston, TX and are dedicated to helping build the Houston entrepreneurial and startup funding ecosystem.

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