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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The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Harvard by far takes the cake here with their alumnus raising nearly $2B more than the next school on the list. Notable companies that have raised significant funding founded by Harvard grads include Oscar ($727.5M), letgo ($375M), Gilt Groupe, ($271M), and Betterment ($205M).
Tweetables:
Among NYC Founders, Harvard grads have raised the most amount of capital – $5.14B Tweet this
Among NYC Founders, Columbia grads have raised $3.15B Tweet this
Among NYC Founders, UPenn grads have raised $3.05B Tweet this
Among NYC Founders, Stanford grads have raised $2.34B Tweet this
Among NYC Founders, Yale grads have raised $2.2B Tweet this
Among NYC Founders, NYU grads have raised $2.11B Tweet this
Among NYC Founders, Cornell grads have raised $1.02B Tweet this
Among NYC Founders, Georgetown grads have raised $401.85M Tweet this
Among NYC Founders, MIT grads have raised $147.49M Tweet this
Among NYC Founders, Albany grads have raised $27.22M Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
MIT jumps to the top with a clear lead in this section where average funding by graduates is examined. Notable companies founded by MIT grads include Oscar, BuzzFeed, letgo, Gilt Groupe, and ideeli.
Tweetables:
Among NYC Founders, MIT grads on average have raised the most capital with the average round at $63.49M Tweet this
Among NYC Founders, Stanford grads have raised an average of $48.8M Tweet this
Among NYC Founders, Yale grads have raised an average of $41.52M Tweet this
Among NYC Founders, Harvard grads have raised an average of $36.7M Tweet this
Among NYC Founders, UPenn grads have raised an average of $25.02M Tweet this
Among NYC Founders, NYU grads have raised an average of $23.16M Tweet this
Among NYC Founders, Columbia grads have raised an average of $22.01M Tweet this
Among NYC Founders, Cornell grads have raised an average of $20.32M Tweet this
Among NYC Founders, Georgetown grads have raised an average of $15.46M Tweet this
Among NYC Founders, Albany grads have raised an average of $5.44M Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
For median funding, our neighbors up 95 jump to the top with Yale grads raising the highest median rounds of the schools examined. It’s interesting to note the “Kevin Ryan effect”. When looking at Yale companies not founded by Ryan, the median for Yale grads drops down to the 7th spot.
Tweetables:
Among NYC Founders, Yale grads have raised the highest median amount at $9.62M Tweet this
Among NYC Founders, Stanford grads have raised a median amount of $9.5M Tweet this
Among NYC Founders, MIT grads have raised a median amount of $9.4M Tweet this
Among NYC Founders, Harvard grads have raised a median amount of $8.5M Tweet this
Among NYC Founders, Cornell grads have raised a median amount of $7.86M Tweet this
Among NYC Founders, UPenn grads have raised a median amount of $7.64M Tweet this
Among NYC Founders, NYU grads have raised a median amount of $7.25M Tweet this
Among NYC Founders, Columbia grads have raised a median amount of $5.9M Tweet this
Among NYC Founders, Georgetown grads have raised a median amount of $5.84M Tweet this
Among NYC Founders, Albany grads have raised a median amount of $4.46M Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Startups founded by Columbia grads have raised the most number of rounds in excess of $1M with 143 companies represented. Harvard is a close 2nd with 140. We’ll potentially see why in the next slide.
Tweetables:
Among NYC Founders, Columbia grads take the top spot with 143 companies that have raised >$1M Tweet this
Among NYC Founders, 140 companies founded by Harvard grads have raised >$1M Tweet this
Among NYC Founders, 122 companies founded by UPenn grads have raised >$1M Tweet this
Among NYC Founders, 91 companies founded by NYU grads have raised >$1M Tweet this
Among NYC Founders, 53 companies founded by Yale grads have raised >$1M Tweet this
Among NYC Founders, 50 companies founded by Cornell grads have raised >$1M Tweet this
Among NYC Founders, 48 companies founded by Stanford grads have raised >$1M Tweet this
Among NYC Founders, 40 companies founded by MIT grads have raised >$1M Tweet this
Among NYC Founders, 26 companies founded by Georgetown grads have raised >$1M Tweet this
Among NYC Founders, 5 companies founded by Albany grads have raised >$1M Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Columbia and Harvard both top the list again with the highest number of companies founded by their grads in NYC. Some notable Columbia founded startups include BuzzFeed, ZocDoc, Compass, and Betterment. In the next slide we’ll see the percentages.
Tweetables:
Among NYC Founders, Columbia leads with 320 companies that have been founded by Columbia grads Tweet this
Among NYC Founders, 282 companies have been founded by Harvard grads Tweet this
Among NYC Founders, 251 companies have been founded by NYU grads Tweet this
Among NYC Founders, 248 companies have been founded by UPenn grads Tweet this
Among NYC Founders, 124 companies have been founded by Yale grads Tweet this
Among NYC Founders, 112 companies have been founded by Cornell grads Tweet this
Among NYC Founders, 111 companies have been founded by Stanford grads Tweet this
Among NYC Founders, 101 companies have been founded by MIT grads Tweet this
Among NYC Founders, 54 companies have been founded by Georgetown grads Tweet this
Among NYC Founders, 12 companies have been founded by Albany grads Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Harvard, UPenn, and Georgetown are at the top of the leaderboard in the % of companies founded that receive more than $1M in funding. Overall this is a tight space.
Tweetables:
Among NYC Founders, Harvard leads with 49.65% of companies founded by Harvard grads having raised >$1M Tweet this
Among NYC Founders, 49.19% of companies founded by UPenn grads have raised >$1M Tweet this
Among NYC Founders, 48.15% of companies founded by Georgetown grads have raised >$1M Tweet this
Among NYC Founders, 44.69% of companies founded by Columbia grads have raised >$1M Tweet this
Among NYC Founders, 44.64% of companies founded by Cornell grads have raised >$1M Tweet this
Among NYC Founders, 43.24% of companies founded by Stanford grads have raised >$1M Tweet this
Among NYC Founders, 42.74% of companies founded by Yale grads have raised >$1M Tweet this
Among NYC Founders, 41.67% of companies founded by Albany grads have raised >$1M Tweet this
Among NYC Founders, 39.60% of companies founded by MIT grads have raised >$1M Tweet this
Among NYC Founders, 36.25% of companies founded by NYU grads have raised >$1M Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Columbia, Harvard, and NYU lead in the total number of exits for New York founders. These three schools also led in the number of companies founded.
Tweetables:
Among NYC Founders, Columbia leads with 44 companies founded by Columbia grads that have exited Tweet this
Among NYC Founders, 43 companies founded by Harvard grads have exited Tweet this
Among NYC Founders, 37 companies founded by NYU grads have exited Tweet this
Among NYC Founders, 32 companies founded by UPenn grads have exited Tweet this
Among NYC Founders, 27 companies founded by Stanford grads have exited Tweet this
Among NYC Founders, 22 companies founded by MIT grads have exited Tweet this
Among NYC Founders, 17 companies founded by Yale grads have exited Tweet this
Among NYC Founders, 12 companies founded by Cornell grads have exited Tweet this
Among NYC Founders, 7 companies founded by Georgetown grads have exited Tweet this
Among NYC Founders, 1 companies founded by Albany grads have exited Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.
Our friends from the West Coast, Stanford takes the top spot along with MIT in percentage of companies founded that exit. There’s a clear lead for these two institutions. What are they teaching the students at these institutions? Perhaps it’s time to brush on one of Stanford’s entrepreneurial course offerings – Stanford in the Alley: An Overview of Technology Entrepreneurship.
Tweetables:
Among NYC Founders, Stanford leads with 24.32% of companies founded by Stanford grads having exited Tweet this
Among NYC Founders, 21.78% of companies founded by MIT grads exited Tweet this
Among NYC Founders, 15.25% of companies founded by Harvard grads exited Tweet this
Among NYC Founders, 14.74% of companies founded by NYU grads exited Tweet this
Among NYC Founders, 13.75% of companies founded by Columbia grads exited Tweet this
Among NYC Founders, 13.71% of companies founded by Yale grads exited Tweet this
Among NYC Founders, 12.96% of companies founded by Georgetown grads exited Tweet this
Among NYC Founders, 12.90% of companies founded by UPenn grads exited Tweet this
Among NYC Founders, 10.71% of companies founded by Cornell grads exited Tweet this
Among NYC Founders, 8.33% of companies founded by Albany grads exited Tweet this
The AlleyWatch audience is driving progress and innovation at a global scale. Reaching more individuals in a single month than every other tech-focused organization in NYC combined, AlleyWatch is the highway for technology and entrepreneurship in New York. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a report like this. Find out more here.