Two years ago Hiro Tien and Hansae Catlett (both from Stanford), Josh Hoffman-Senn (Harvard), and Sieva Kozinsky (Wharton) launched The MBA Fund, which invests in companies coming out of the three business schools where the Fund’s partners got their business degrees from. The MBA Fund has invested $2.2 million in over 60 companies so far. Once a year, the fund organizes a pitch competition at Stanford, Harvard and Wharton, where the judges pick winners that get awarded a certain amount of money to pursue their companies. The pitching competition money is separate from the fund, and comes from the judges at the competition (some companies win checks from both judges and The MBA Fund). “If you think of companies like SoFi, DoorDash, Skybox,they all come from Stanford’s GSB in consecutive years,” Tien says.

Source: Forbes December 28, 2020 17:48 UTC