StartX at Stanford follows this model, pulling from students and alumni across the Stanford network.Īnother recent shift that’s empowering more student entrepreneurs is access to capital. This integrated approach - outside of set class times - means that students are able to access the network across the entire university ecosystem, not just the individual students in a handful of classes a student may be in. “I think a lot of universities are now offering office space, so space for people to co-work and take time on the evenings and weekends to be alongside other students that are working on startups." While this model has been successful recently, Peter believes a new iteration of how startups exist and are supported by colleges is emerging: This model is a vast improvement as it allows entrepreneurship and product to sit inside of a student’s classwork, helping them to balance time and effort spent - and in the success case, actually launch their company. More recently, colleges are offering product-focused classes and degrees - Peter cites the Founder’s Journey course at MIT, the Symbolic Systems program at Stanford, and similar initiatives across US colleges. Historically, business plan-style classes and competitions were the norm. While colleges in the US have been supportive of entrepreneurial pursuits for the past couple of decades, many haven’t adapted to the lowered barriers of launching startups. Now at General Catalyst Partners in NYC, we chatted with Peter about what he’s learned developing a robust and successful college startup organization that spans across over 60 schools, with companies that have gone on to raise more than $130M. While at Harvard, Peter Boyce founded Rough Draft Ventures to support student founders in creating startups. Unfortunately, the risks associated with financing young entrepreneurs are still too high for many outside the Bay Area. One of the things that makes Silicon Valley special is the fact that investors don’t think twice about giving a few million dollars to a couple of college students. You can listen to the entire conversation on the ' What I Know Best' podcast, be sure to subscribe to learn from other experts across the Quibb network in coming weeks. This is Part 1 of a 3 part series with Peter Boyce II, Investor at General Catalyst Partners and Co-Founder of Rough Draft Ventures, where we chatted with Peter to learn about the topics that he knows best - student entrepreneurship, and East Coast venture capital.
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