These are the top universities graduating the most VC-backed entrepreneurs
23 October 2013
UC Berkeley placed second out of ten universities on a list released by PitchBook of universities graduating the most venture capital-backed entrepreneurs. The list ranks schools worldwide based on the number of alumni who founded U.S.-based companies that received a first round of VC funding during the past three years. PitchBook, a Seattle-based venture capital research firm, pulled data in order to examine how universities have contributed to economic growth.
“The idea is that universities produce outstanding students, who go on to start companies with innovative products or ideas, some of which will be innovative enough to attract the attention of venture capital investors and theoretically generate jobs as the company grows,” the company wrote in a blog post.
The data was compiled based on funding received from 2010 to the end of the third quarter of 2013. Bay Area schools Stanford and UC Berkeley placed first and second with 190 and 160 VC-backed startups, respectively. Other top schools include the University of Pennsylvania, Harvard, MIT and Cornell, along with University of Michigan, University of Texas, Carnegie Mellon, and Indian Institutes of Technology.
UC Berkeley topped the rankings list for 2013, with 41 VC-backed startups compared to Stanford's 34 in second place. UC Berkeley has consistently ranked within the top three universities for 2010, 2011, and 2012.