Centre for Entrepreneurship and Innovation released a report recently on some of the university student-led venture capital funds. The report, based on a survey of 13 VC funds in which students manage, administer, and make investment decisions, aims to provide an overview of the student-led venture investing community - its goals as well as its returns.More universities have begun to establish investment vehicles using endowments and donations, and the University of Oxford
Altogether, these funds have invested in 36 companies and have had 5 profitable exits. The median initial fund size was $1.3 million, and today the median worth is $2.4 million. While one fund was associated with a college class and had over 200 students participating, the average had about 20 students involved.
Conclusions from the study include:
Universities participating include the Penn State's Garber Venture Fund, Miami University's Student Venture Fund, New York Universitiy's Student Social Venture Fund, and The University of Akron's Hop-On Student Venture Fund.
According to the authors of the survey, they hope that the report helps increase the quality and performance of the student-run funds and that in response, the broader VC community will offer advice to universities which have these funds.
The complete survey is available here.