These 3 universities still dominate founder ranks

Startups take longer to make the funding jump from A to B June 7, 2023 Hi, {NAME}. It looks like startup investors still appreciate a little pomp and circumstance. The same three universities lead the way in producing founders of funded companies, our data shows. Plus, Series A used to be a quick stepping stone to B for many fundraising startups. That’s changed. 🎓 [Stanford, Harvard, MIT still turn out the most funded founders]( The pandemic changed many things about how Americans build and fund startups, but the same three universities still churn out the most founders of funded companies. [Per Crunchbase data]( roughly a quarter of U.S. seed or pre-seed investment in the past three years went to companies founded by [Stanford]( [Harvard]( or [MIT]( alumni. Related list: [Seed-Funding For Founders Who Attended Stanford, Harvard And MIT]( ⏱ [It’s taking longer for startups to go from A to B]( Typically it’s been a quick hop from Series A to Series B for startup founders, often less than two years. But as venture funding contracts, the lag time between rounds is getting longer. We chart out the median and average fundraising time spans since 2012. 🏳️ 🌈 [Introducing LGBTQ+ led and founded tags in Diversity Spotlight]( We’ve added LGBTQ+ led and founded tags to our Diversity Spotlight data set to further highlight inequities and create accountability for continued action toward closing the funding gap for underrepresented entrepreneurs. [Learn more]( or apply for an LGBTQ+ led and/or founded tag for your company via [this request form](. 🌎 [Sequoia splits its global fund into 3]( [Sequoia Capital]( is breaking its global fund into three separate businesses, prompted by possible portfolio conflicts and its “local-first” approach. The firm’s China business will be known as [HongShan]( in English, and its India and Southeast Asia business will become [Peak XV Partners](. ❓ [Reader survey: What’s your outlook for the second half of 2023?]( We’re approaching the halfway point of 2023, and few predictions from the beginning of the year have fully panned out. That said, we want to hear from you, our readers, about what you expect from the rest of a year that has thus far defied expectations. Let us know in this quick survey. 🎯 [SEC charges Coinbase for operating illegally]( The [Securities and Exchange Commission]( is on a roll this week. One day after charging the world’s largest crypto exchange [Binance]( the SEC charged the largest U.S. crypto exchange [Coinbase]( with operating illegally as an unregistered exchange. 🤖 [AI-enhanced Instabase raises at $2B valuation]( Business services startup [Instabase]( doubled its previous valuation to $2 billion after locking up a $45 million raise. The new cash comes after the San Francisco-based startup announced it is integrating tools from [OpenAI](. 🚀 [The Lead List: 7 high-growth companies to sell to in June]( The Lead List analyzes buy signals from up-and-coming companies to help you fill your pipeline with new opportunities. Here’s who you should be targeting this month. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Isotopen Technologien München]( [255M EUR]( / [Private Equity Round]( Isotopen Technologien München is a holding company that owns biotechnology and radiopharmaceutical companies. Categories: Biopharma • Biotechnology • Medical Device • Pharmaceutical Founders: [Oliver Buck]( Investors: [Temasek Holdings]( (Lead), [ATHOS]( [BlackRock]( [+ 3 more]( [Celestica]( [$149M]( / [Post-IPO Secondary]( Celestica provides design, manufacturing, and supply chain solutions to a multitude of industries. Categories: Electronics • Manufacturing • Product Design • Supply Chain Management Founders: [Lisa Colnett]( [Acepodia]( [$100M]( / [Series D]( Acepodia is a therapeutics company that employs flexible therapeutic design to treat cancer. Categories: Biotechnology • Health Care • Therapeutics Founders: [Patrick Y. 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