Want to found a startup? Go to Stanford

When it comes to spawning startups, it’s official — Stanford is at the top of the class.

The prestigious university smack-dab in the middle of Silicon Valley long has enjoyed a reputation for churning out new tech companies. Its high-profile alumni include HP founders Bill Hewlett and Dave Packard, Google founders Larry Page and Sergey Brin and the Sun Microsystems founders.

But a new study by data platform CrunchBase proves that Stanford does indeed deserve the hype. The study looked at which universities produce the largest number of funded startup founders, and found Stanford to be the “overwhelming” leader, according to a TechCrunch report. So far this year Stanford has spawned more than 225 entrepreneurs who have received funding. MIT came in second with at least 145, followed by UC Berkeley and Harvard.

Stanford also wins when it comes to women. The school’s undergraduate program is one of the top two schools for graduating venture capital-backed female entrepreneurs, Fortune reported last month. Harvard Business School was the other.

And a Stanford study from 2012 found companies founded by the school’s alumni generate nearly $3 trillion each year and have created 5.4 million jobs since the 1930s.

But of course, not all young Stanford entrepreneurs stick around to graduate, which can annoy educators. Last year Stanford’s Graduate School of Business started encouraging its MBA students to finish the degree program instead of dropping out to start their company, The Wall Street Journal reported. But with VC firms dangling funding, that advice can be hard to follow.

The CrunchBase study didn’t specify how many of the Sanford-affiliated founders it tracked actually graduated from the school. But the results make one thing clear — Stanford remains a very good place for aspiring entrepreneurs.

Photo: The Stanford Graduate School of Business celebrates the grand opening of the Knight Management Center on the Stanford campus in Palo Alto on April 29, 2011. (Gary Reyes/Mercury News)


Tags: , , , ,


Share this Post