Venture Capital and the University
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This article presents four strategies a university endowment can use to increase the flow of venture capital to its university community. One-investing in locally focused funds-may compromise the endowment's investment objective. It should be approached cautiously, if at all. The other three-utilizing the knowledge and contacts gained from investing in the endowment's core partnership portfolio to increase the university community's connectivity to the national venture capital market, making direct investments in local ventures as a co-investor, and cooperating with student-centric funds-provide external benefits without compromising IRR. An endowment should pursue at least one, if not all, of these strategies.
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