Neeley Alumnus Founds Venture Capital Fund for Students
Bill Shaddock, an alumnus of the Neeley School of Business at Texas Christian University, has made a $250,000 commitment to form a student-run venture capital fund at the Neeley School of Business. The fund will be called the Bill Shaddock Venture Capital Fund. Shaddock’s commitment will allow TCU entrepreneurship students to judge other students’ business ideas and plans and decide whether to fund students’ new ventures or not.
Undergraduate and graduate students in all schools at Texas Christian University can pitch their business plans to the venture capital fund’s student review committee. To submit their idea, students must provide a written plan and then give a presentation about their business. The student committee will then determine whether a plan will be funded and how much money the entrepreneur behind the plan will receive. Funding from the Bill Shaddock Venture Capital Fund can be used for market research, purchase of raw material and inventory, working capital, office equipment and supplies, or other business-related items. Funded students must provide regular, scheduled updates on the progress of their business.
Shaddock explained his choice to develop a venture capital fund at Neeley. “The Bill Shaddock Venture Capital Fund will attract entrepreneurial students to TCU, nurture them with something fun and interesting, give them tangible accomplishments, and provide them with an experience they can use to go out in the business world with the confidence to follow their passion and desire.”
Shaddock graduated from Neeley in 1973. He currently serves as the president and partner of the Shaddock Development Company, the CEO and owner of Willow Bend Mortgage Company and Capital Title Company, and the owner and chairman of First National Title Company.
