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Yup. Compare that to MIT endowment's annual return. And guess where (a big chunk of) the MIT endowment gets invested (indirectly through VC funds)? The same

Yup. Compare that to MIT endowment's annual return. And guess where (a big chunk of) the MIT endowment gets invested (indirectly through VC funds)? The same startups that their alumni are founding.

pm90 12y ago
That's pretty fascinating actually. Its like the alumni have formed a close-knit network that provides both capital and expertise. I didn't know endowments worked that way...I was suspecting they would be mostly invested in "Safe" stocks and bonds.
- brohee 12y ago
  Few organization are better equipped to perform a good due diligence, not that surprising...
- anigbrowl 12y ago
  Hence the widespread practice of granting preference to the children of alumni at admissions time. Only Caltech (among the Ivies) eschews this practice and admits on academic merit alone, I believe.
  - santaclaus 12y ago
    When did Caltech join the Ivy League?
    - anigbrowl 12y ago
      Lazy writing on my part, sorry. I was thinking of Ivy League as a proxy for 'private high quality university' rather than historical meaning.