A just published PitchBook ranking puts Cornell #7 for number of founders that received VC funding from 2009 through the end of July 2014, based on the founders’ undergraduate programs. See link here. Great result!! And our eship ecosystem at Cornell and upstate NY as a whole continues to grow.
Go Cornell and go upstate NY!
Cornell students are returning the campus. Freshman drop off is today. Lots of nervous looking faces!
The return of students means the return of student focused entrepreneurship events. To keep on top of the activity, I suggest you subscribe to the Entrepreneurship at Cornell (EaC) listserve. Just go to the EaC website, scroll down to the bottom and enter your email address. You will then receive emails sent to the listserve including a weekly digest of events. Typically between 3-5 emails are sent to the listserve each week.
One upcoming event that I wanted to highlight is the Cornell Entrepreneurship Kickoff 2014, which is September 9th at PopShop in Collegetown. Here is the FB page for the event. The Kickoff is going to highlight eLab (our student business accelerator). And there will be a pitch off event for student teams interested in applying for eLab too. It will be a high energy event so attend if you are in Ithaca!
Enjoy the weekend.
In June 2013 I was appointed the head of the Entrepreneurship at Cornell program office (EaC) at Cornell University. Today, Forbes Magazine ranked Cornell #4 for entrepreneurship. The ground work done by my predecessor John Jaquette paid off! We have been building the Cornell eship program for a long time, and it is wonderful to see growing external recognition. The Forbes ranking was based on ratio of (x) the number of alums and students that identify themselves as business founders and owners on LinkedIn to (y) the total student body.
You can read the online version of the article here, but when I just checked it, the overall ranking list was not showing. The print version comes out August 18th, and I am guessing it will be included. Cornell was behind Stanford, MIT and Cal Berkeley and the full ranking was 15 or 20 schools.
Cornell is obviously delighted with the article even though it misstates a few things. It alluded to the EaC office as an “innovation office that distributes $1 million a year” (well, the EaC office budget is about $1 million a year – I wish that we could distribute that much!) and also to a new Downtown student co-working space of 10,000 sf (well, that would actually be in Collegetown, not Downtown, though Cornell is a primary partner in building a separate community based incubator Downtown). But I would say the article was mostly factually accurate, which is great!
Go Big Red!
Business Insider published an interesting ranking last week, name the The Best Colleges For Becoming A Billionaire. The ranking only includes 10 colleges/universities, and Cornell ranked #7.
Here is Cornell’s data (UHNW stands for Ultra High Net Wort, and the trigger is having over $30mm in assets):
7. Cornell University
Number of billionaire alumni: 14
Total billionaire wealth: $35 billion
Number of UHNW alumni: 528
Total UHNW wealth: $60 billion
Self-made wealth: 66%
I love to see that 66% of Cornell’s alumni billionaire are “self-made”. That compares favorably with the other schools in the ranking and put Cornell in the middle of the pack. Some of the wealth creation is quite staggering (Harvard). Check out the ranking results – they are an easy read.
I am delighted to let you know that the website and registration for the Cornell Entrepreneurship Summit NYC is live. The Summit is November 7, 2014 at the NYTimes Center in midtown. We have a fabulous line up of speakers. Would love to see you there in November!
Summit features TED-style presentations with short moderated Q&A. We will have 10 speakers in all (9 confirmed to date). Think of Summit as a great eship event hosted by Cornell. So, no Cornell affiliation required. If you are interested in entrepreneurship, like hearing inspirational speakers and networking, then Summit is for you.