INSUBCONTINENT EXCLUSIVE:
Joanna Glasner
Contributor
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The formula behind San Francisco startup
success
US early-stage investment share shrinks as China surges
There is no degree required to be a CEO of a venture-backed
But it likely helps to graduate from Harvard, Stanford or one of about a dozen other prominent universities that churn out a high number of
top startup executives.
That is the central conclusion from our latest graduation season data crunch
For this exercise,Crunchbase Newstook a look at top U.S
university affiliations for CEOs of startups that raised $1 million or more in the past year.
In many ways, the findings weren&t too
different from what we unearthed almost a year ago, looking at theuniversity backgrounds of funded startup founders
However, there were a few twists
Here are some key findings:
Harvard fares better in its rivalry with Stanford when it comes to educating future CEOs than founders
The two universities essentially tied for first place in the CEO alum ranking
(Stanford was well ahead for founders.)
Business schools are big
While MBA programs may be seeingfewer applicants, the degree remains quite popular among startup CEOs
At Harvard and the University of Pennsylvania, more than half of the CEOs on our list graduated as business school alum.
University
affiliation is influential but not determinative for CEOs
The 20 schools featured on our list graduated CEOs of more than 800 global startups that raised $1M or more in roughly the past year, a
minority of the total.
Below, we flesh out the findings in more detail.
Where startup CEOs went to school
First, let start with school
There aren&t many big surprises here
Harvard and Stanford far outpace any other institutions on the CEO list
Each counts close to 150 known alum among chief executives of startups that raised $1 million or more over the past year.
MIT, University
of Pennsylvania, and Columbia round out the top five
Ivy League schools and large research universities constitute most of the remaining institutions on our list of about twenty with a strong
track record for graduating CEOs
The numbers are laid out in the chart below:
Traditional MBA popular with startup CEOs
Yes, Bill Gates and Mark Zuckerberg dropped out of
And Steve Jobs ditched college after a semester
But they are the exceptions in CEO-land.
The typical path for the leader of a venture-backed company is a bit more staid
Degrees from prestigious universities abound
And MBA degrees, particularly from top-ranked programs, are a pretty popular credential.
Top business schools enroll only a small percentage
of students at their respective universities
However, these institutions produce a disproportionately large share of CEOs
Wharton School of Business degrees, for instance, accounted for the majority of CEO alumni from the University of Pennsylvania
Harvard Business School also graduated more than half of the Harvard-affiliated CEOs
And at Northwestern Kellogg School of Management, the share was nearly half.
CEO alumni background is really quite varied
While the
educational backgrounds of startup CEOs do show a lot of overlap, there is also plenty of room for variance
startups and nearly 5,000 global startups with listed CEOs raised $1 million or more since last May
In both cases, those startups were largely led by people who didn&t attend a school on the list above.
Admittedly, the math for this is a
A big chunk of CEO profiles in Crunchbase (probably more than a third) don&t include a university affiliation
Even taking this into account, however, it looks like more than half of the U.S
CEOs were not graduates of schools on the short list
CEOs, only a small number attended a school on the list.
So, with that, some words of inspiration for graduates: If your goal is to be a
funded startup CEO, the surest path is probably to launch a startup
Degrees matter, but they&re not determinative.
