Since the financial meltdown, nearly every university has been championing entrepreneurship as the job market dwindled and these academic institutions needed an alternative fast for their students come graduation day. Entrepreneurship was the inevitable choice. Today using some data from our friend at Crunchbase, I take a look at aggregate equity funding and exit statistics for a number of universities and their graduates who went on to found companies in NYC.
I assembled funding data for company’s whose founders attended the following ten universities – Columbia, Cornell, Georgetown (my MBA Alma Mater), Harvard, MIT, NYU, Stanford, University at Albany (my undergraduate Alma Mater), UPenn, Yale, and Yale X which accounts for Yale founders not including Kevin Ryan. When looking through this data, I determined that Kevin Ryan has had a profound impact on the data for Yale University, which you’ll see in the analysis.
The criterion is based on company total equity funding data with one founder having attended an undergraduate program, MBA program, law school, or medical school at the institution in order for that company’s data to be tied to the academic institution. This report highlights total equity funding raised, average, median, total #of deals >$1M, total # of companies founded, % of companies that receive >$1M in funding, total # of exits, and lastly the % of companies founded that have exited. The dollar amounts in the equity funding data only includes companies that have raised >$1M. It’s important to keep in mind that this data set is not complete as exits are not often reported and not all companies are listed on Crunchbase.
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