BU female alumni-founded companies recognized for financial achievement
Written by Sophia Eppolito
Companies owned by female Boston University alums accumulated a total of $315.9 million over the past five years, according to this year’s edition of PitchBook’s Universities Report. BU placed third in the report, which ranks capital raised by companies owned by female alumni.
Harvard University was ranked first, with $527.7 million in capital from female alumni-owned companies, and Stanford University second at $422.9 million. Massachusetts Institute of Technology placed fifth, at $250.6 million. The venture capital and private equity research firm looked at data from August 2010 to July 2015 to come up with its ranking, according to the report.
“There’s a fairly strong case to be made that often it’s not even the degree you graduate with but the personal connections you make in your time at school that determine your future,” the report stated. “Which professors you interacted with the most, which classmates you bonded with closely — the people you end up spending the most time with, in short, end up directing your path. For entrepreneurs this is especially true.”
Ian Mashiter, the director of entrepreneurship activities and a senior lecturer in the Questrom School of Business, said these results are not just representative of the business school, but of the entire university.