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This will ripple down to startups. Harvard's endowment, and the similarly invested portfolio of the Ivy League, Stanford, and a few other universities, are some
by DaniFong 18y ago
This will ripple down to startups. Harvard's endowment, and the similarly invested portfolio of the Ivy League, Stanford, and a few other universities, are some of the major limited partners of venture capital firms. Harvard has already been pulling out of several firms that have not been performing, writing off any possible returns. And many endowment managers have historically followed Harvard's lead.
- smanek 18y agoThe harvard management company's 2007/2008 annual report (http://vpf-web.harvard.edu/annualfinancial/pdfs/2008fullreport.pdf http://vpf-web.harvard.edu/annualfinancial/pdfs/2008fullrepo...) says that they only have about 1.5 Billion in venture capital (and only about 1 billion of that is domestic). However, you are right that the ripple effect could be substantial.