News from UC Berkeley and Georgetown University highlight what my research suggests: students are building some of the most innovative, impactful and valuable firms in the world and their experiences on campus matter (see Campus as Frontier)
From Gtown in DC: Ted Leonsis, billionaire owner of the Washington Capitals and active venture investor, made a $1 million donation to the Georgetown Entrepreneurial Initiative earlier this month with the funds dedicated to seed funding for student ventures that are working to “address problems in the world.” The fund will likely give out $100,000 per year according to the Washington Business Journal.
Out West: University of Cal Berkeley has become the target of a small, niche venture investing fund being run by 24 year old Jeremy Fiance, a Berkeley grad. You can read more about the fund directly from Jeremy on his post to medium.com.
Our story is part of a much bigger movement happening on campus right now as student entrepreneurship has evolved into a growing and integral part of the Berkeley experience. To cite just a few Berkeley initiatives, there are eight accelerator programs focused on specific stages and vertical industries, over 40 clubs across engineering, design, and entrepreneurship, two entrepreneurship centers, a design institute, a maker space, the world’s largest ever collegiate hackathon, and much more.
The House Fund is built by and for Berkeley founders. We’re doubling down on our belief in Berkeley by contributing a significant portion of our returns and resources back into the ecosystem. Stay tuned for another big announcement on that front in the coming months.
One more piece on the House Fund and Jeremy from the Business Insider.