An Analysis of Funding and Exits for NYC Founders Based on Where They Went to School

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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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About the author: Reza Chowdhury

Recognized as a global thought leader in the startup ecosystem, Reza Chowdhury offers more than 15 years experience in emerging technology, which he brings to AlleyWatch as CEO and Founder. Through the course of his career, Reza has had the privilege of working to drive businesses from conception to eventual exit by deploying the acumen gained in his previous roles. His latest professional endeavors have allowed him to work very closely with thriving global technology and startup ecosystem.

Reza is also the founder of New York Startup Lab, which brings technology and knowledge based solutions to the entrepreneurial community with a specific focus on early stage companies. He began his career as securities trader on Wall Street.

Reza is often a featured international speaker, moderator, and judge at numerous events on technology and global entrepreneurship and was a featured presenter at the first Facebook Developer Garage in NYC. Both Reza and the companies he has been involved with have received accolades and recognition from prominent organizations including the fbFund. Reza was has been recognized as one of the 100 most influential people in NYC Tech by TechWeek on several occasions and is a NYC Venture Fellow, a world-class, year-long fellowship program designed to help high-potential entrepreneurs scale their ventures.

Reza is also an advisor to SD Asia and Dublin Globe, two organizations that are fostering the growth of local entrepreneurial ecosystems as well as an Mentor to the Grameenphone Accelerator.

Reza holds an MBA in Finance and Entrepreneurship from Georgetown University and completed his bachelors in Economics at the University at Albany. Reza has also completed certification programs in Private Equity and Venture Capital at Oxford University as well as International Business at New York University.

If you are interested in having Reza Chowdhury speak or moderate at one of your events, please send an email with the details of your event. If you contact us at this email for any reason other than what’s stated above, your correspondence will invariably be deleted.

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