MBAs from elite schools like Harvard, Stanford and INSEAD have founded 38 unicorns ventures valued above $1 billion worth $65 billion.
63 MBAs account for 38 (or 24%) of the worlds unicorn start-ups, says new data from NextView Ventures. There are 157 unicorns which have not floated or been acquired, according to the Crunchbase Unicorn Leaderboard.
Entrepreneurs from Harvard Business School founded the most unicorns, 13, which are collectively valued at nearly $26 billion and have banked $5 billion in venture capital. These include GrabTaxi, the Singapore cab-hailing start-up that has raised $680 million, which has an unconfirmed valuation above a billion dollars.
Oscar, health insurance company utilizing big data, has raised around $330 million since its founders graduated from Harvard.
Stanfords Graduate School of Business is second with seven unicorns, despite its closeness to San Franciscos start-up and venture capital hotspot, Silicon Valley. Stanfords nine entrepreneurs have raised $3 billion in investment for their unicorns, valuating them at $10.5 billion.
Theres an obvious advantage to being at Stanford. In order to get a meeting with a VC, you just drive a few minutes down the road, says Tom Sabel, associate director of carers at Stanford GSB.
The most noteworthy are Medallia, a Palo Alto-based company that makes customer-feedback software, which raised $255 million, including from Silicon Valleys Sequoia Capital, giving it a valuation of $1.2 billion. And Proteus Digital Health, which has backing of $283 million and a valuation of $1.1 billion...