Bryan Menell at Austin Startup reports that two early stage venture funds are going straight to the source for entrepreneurship — “acquiring” talented students from Stanford and turning them into entrepreneurs. From Menell:
Austin-based early stage venture firm G51 Capital has partnered with notorious party crasher / lifestyle hacker Larry Chiang to mine Stanford for promising startups. “We’re building a farm team of CS [computer science] and engineering majors and helping them to learn to be CEOs,” says Rudy Garza, founder and managing partner of G51. “We’re testing out this model, and if it goes well with Stanford, there is an opportunity to expand it within Stanford and beyond.”
Interesting, but not surprising. Funny that they don’t want to buy MBA students!