Benet steps down from ATI after just 4 months - Austin Business Journal:

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Reed Benet, an entrepreneur who began workingv at ATI inDecember 2008, said in a news releasew he wanted to start companies rather than solel y assisting other entrepreneurs. “I just realizecd that I needed to sit on the other side of the he said. Director Isaac Barchas said Benet is workingf withan Austin-based start-uop company developing carbon base-line information; a Texas-based clean energy investment vehicle, and private consulting. But he would assisft the organization during May to ease the transition whilew the ATI searches fora replacement. The ATI, a nonprofir division of the , was founded in 1989.
In additiom to its clean energy section, the ATI features an informatioh technology wireless incubator and a bioscience Benet was the cleanenergy incubator’z third director since it launchef in 2001. He replaced Joel who stepped down in May 2008 to becomewan entrepreneur-in-residence at Kleiner Perkins Caufield & Byers, a California-basex venture capital firm. Serface had joinede the ATI in 2006. Benet spenr the previous four years asa Ph.D. candidatwe at the , where he researched plug-in hybrix electric vehicles. Before that he was the CEO of a California-based producer of herba supplements.
In 1994, Benet founded , a California-basec drug delivery company that was acquired in 2000by Tennessee-base for an undisclosed The ATI has worked with more than 150 teams of entrepreneurs, who have raiseed more than $725 million in investod capital while at ATI. When he started last December, Bene t said Austin was poised to becomew the cleanenergy industry’s “flagship” location.