The Start-Up Starts in College

0 Flares Twitter 0 Facebook 0 Filament.io 0 Flares ×

Remember how Mark Zuckerberg started as a student at Harvard University before departing to the west coast to help his little website, Facebook, grow. What about Bill Gates, another Harvard dropout who left school to build the Microsoft empire in Washington. It appears that the next big thing often starts with a college student – a bright young mind that, if given the right opportunity, can change the world through innovation.

But there are a couple problems.

Let’s start with the fact that Harvard lost two brilliant students to areas outside of the city of Cambridge and the state of Massachusetts. These are businesses that could have brought in thousands of quality employees and provided the state with great notoriety for other start-ups to relocate there. Second, over the last decade, Harvard has had an astonishing growth rate in their Intro to Computer Science course, possibly a new batch of students hoping to become the next big thing. But will they drop out if their idea goes big?

The Experiment Fund is taking this challenge on. They have partnered with Harvard University and created a $10 million fund (Harvard is not invested, but offers on-campus office space to the group). This fund is for students pushing new ideas forward and comes along with “seed capital, expert guidance, and unparalleled access to America’s top-tier universities and venture capital firms.” It is a smart way to keep students enrolled and local, while they work through the initial challenges any start-up may face. The hope is that the more they invest in their start-up in Massachusetts, the more likely they are to stay.

But that is only one school. What about providing resources to all the others?

Upstart is prepared to take them on. Started by former Google employees, Upstart works to pair investors with students. The investors can fund starting as low as $100 and will receive money back from the student’s income over the following 10 years. The investors can also become mentors to help students achieve their goals. And this one also isn’t limited to tech development. For Upstart, you fund the person, not the project, and encourage their success. It’s another unique approach to give students excelling in college the chance to continue growing after graduation with the funding and guidance they need to succeed.

The opportunities, while very different in many aspects, focus on the same thing: the potential of entrepreneurial college students hoping to change the world through their ideas. I hope to see them both succeed and help provide more brilliant and valuable companies to our country.

Written by: Travis Taggart
Travis is a regular contributor to the Ashford University blog.

Popular Posts

  • Top 7 Reasons Why You Should Pursue Your MBA If you’re a college graduate, returning to school for your Master of Business Administration (MBA) might not appeal to you. After all, you’ve already spent four years on your Bachelor’s degree. Wh. . . November 24, 2014
  • Best Courses to Become More Marketable Most universities are composed of typical colleges such as the College of Health Care Studies, Business, Education, and Liberal Arts. Within these colleges are various majors a student can choose,. . . September 17, 2013
  • 5 Tips for Transferring Credits One of the best ways to accelerate your graduation day is to transfer credits. But many students find the transfer process very long and complicated. It doesn’t have to be so scary. Here are five . . . November 14, 2013
  • Explore Exciting Jobs in Healthcare You love to help people. You are interested in the science of the human body. And you believe in the value of a healthy lifestyle. If these traits describe you, then you ought to consider a career i. . . March 12, 2014
  • Business School Accreditation — What’s the Difference? When searching for a business school, you may notice that some business programs are accredited by different organizations with acronyms like AACSB, IACBE, and ACBSP. It’s easy to get lost in an alpha. . . May 23, 2014
  • 5 Great Education Documentaries The documentary is an underrated genre in the film industry, often described as one for those who are so “crazy” about a topic, they have to make a film about it. However, some of these “crazy” peop. . . July 12, 2013
  • Words of Advice for Graduates One of my favorite times of the year is commencement. I always enjoy seeing students walk across the stage to celebrate their achievement. When students get close to graduation, you can sense their en. . . March 10, 2014
  • The Five Toughest Interview Questions Job interviews are nerve wracking for just about anyone, whether you are a seasoned professional or a recent college graduate. The key to calming those nerves is preparation and practice. Prepare for . . . August 30, 2013
  • Choose a Relevant Degree Business, English, Law – these are perennial subjects for degree programs, and they’ve stood the test of time. When students enroll in these programs, they already have some idea of what they’ll stu. . . February 5, 2014
  • Advanced Degrees: Which Fields Provide the Highest Paying Jobs? Every spring it’s in the news: colleges are raising tuition. Higher tuition means students will be carrying a larger debt into the workforce, which cuts into their income. Choosing the right field o. . . September 9, 2013
  • Health and Technology The idea of using technology to help with maintaining a healthy lifestyle is nothing new. Unfortunately, neither are the challenges of finding ways […]August 18, 2016
  • Online Tools That Bridge the Generation Gap Adult learners returning to school – especially an online environment – after several years often find the college experience has evolved significantly since […]August 8, 2016
  • How to Get the Most Out of Your Ashford App One of the major shifts in higher education is how technology has changed the landscape. Ashford University embraces these technological advancements and provides […]August 3, 2016
  • Virtual Reality in the Classroom Technology has been changing our society’s landscape for decades. From supercomputers to smartphones, technological advancements have made some major modifications to how we […]August 2, 2016
  • Tech Skills All MBA Students Should Know In the Information Age, MBA students must be tech savvy. These basic skills can present a steep learning curve, but they are all […]July 20, 2016
  • Social Media Influence on Employer Policies In the past decade, social media has woven its way into the fabric of our personal lives and transformed the way businesses and […]July 12, 2016
  • Is Big Data Going to Impact Your Education? Big data refers to the massive amounts of information (data) that compiles every second of every day in the digital age. The term […]July 5, 2016
  • How Virtual Reality Could Change the Classroom Forever When you hear the term virtual reality, you probably think of the full-immersion video games once reserved for science fiction – but virtual […]June 28, 2016
  • Critical Elements of Effective Communication Organizations cannot function without effective communication, and the actions of every team member – verbal, nonverbal, written, or electronic – will influence opinions […]June 13, 2016
  • 5 Great Tips to Get the Most Out of LinkedIn When you’re job hunting, the most important online profile to fine tune is your LinkedIn profile. This site is the first that most […]June 9, 2016
Tags: , , ,

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...