A naukri.com initiative
Insider
2d
66
Image Credit: Insider
MBAs are launching venture capital funds to back their classmates. Now, Harvard Business School has one, too.
- Harvard Business School's class of 2025 has collectively raised close to $1 million for Twenty25 Ventures, a fund investing solely in startups founded by peers.
- The fund, with seven founding members, aims to provide more HBS students with access to venture investing opportunities.
- Twenty25 Ventures has high-profile venture capitalists as advisors and will invest in startups raising $500,000 or more.
- Inspired by Stanford 2020, the fund takes contributions from the class of 2025, starting at $3,000 with a goal to build generational wealth through access.
- Similar student-backed funds have emerged at other business schools like UC Berkeley's Haas School of Business and Wharton.
- White-collar hiring challenges for MBA graduates have led to the focus on network value and community through such class funds.
- The fund allows students to invest in their peers' startups with checks ranging from $3,000 to $100,000.
- Harvard MBA graduates have shown success in VC funding, with the school being a hub for many unicorn founders and raising billions in venture capital.
- The fund aims to give more classmates opportunities in venture investing by lowering barriers and fostering an inclusive community.
- Twenty25 Ventures will operate over a five-year period and seek investments from institutional investors and select VC firms.
Read Full Article
3 Likes
For uninterrupted reading, download the app