UC Berkeley Ranks Second for Undergraduate Programs for VC-backed Entrepreneurs
UC Berkeley has once again shown to be a hotbed for successful entrepreneurial activity. This is based on the most recent PitchBook Universities Report of the “Top 50 Universities Producing VC-backed Entrepreneurs”, a publication that provides raw numbers of VC-funded startups from undergraduate and MBA programs since 2006.
UC Berkeley comes in at second overall for the Top 50 Undergraduate programs for VC-backed entrepreneurs with a founder count of 997, company count of 881, and over $14B raised in capital. The MBA program ranks ninth with 300 founders, 272 companies, and almost $4B raised. In terms of successful exits, the undergraduate program ranks second with a total of $11.9B exit value among 160 companies, and the MBA program ranks fifth with $3.4B exit value among 40 companies.
Furthermore, UC Berkeley ranks very highly for women entrepreneurs (2nd and 9th for Undergrad and MBA respectively), with successful exits such as One Kings Lane, Revolution Foods and Indiegogo. The science and technology sectors continue to be comparatively strong and the software sector represents almost 50% of the VC-backed companies listed.
UC Berkeley is especially strong when considering the other top programs are the most prestigious and well-funded private universities, while UC Berkeley is thriving as a public institution. The rich ecosystem surrounding UC Berkeley with Incubators and Accelerators such as SkyDeck and Free Ventures, Competitions such as LAUNCH and Big Ideas, student groups, fellowships, entrepreneurship centers, funding opportunities and associations has created a fertile and connected environment leading to the proliferation and success of disruptive and impactful new ventures.