Wednesday, February 24, 2016

$50 Million fund to fight Stanfordism

Palo Alto, CA - Stanfordism! Yes, Stanford bias is a real thing. A well kept silicon-valley secret is that most VCs are Stanford grads and invest in startups founded by Stanford alums. In a recent study conducted by Santa Clara university, Stanfordism has killed over 100 startups in 2015 alone. 

However, in a clear departure from tradition, Sequoia has decided to fight Stanfordism with a $50 Million Fund. General Partners decided to sacrifice a weekend trip on their luxury yachts and pool their gas money to form the fund, which will be used to fund non-Stanford startups exclusively.

An activist from Santa Clara Univ said, "VCs are rabid Stanfordists. Generations of Santa Clara students have accepted subservience to Stanford grads. $50M is pocket-change for VCs, but it is still a big step against institutional Stanfordism."

On a related note, having realized he was the only one without a yacht, Vinod Khosla has ordered a 200ft Feadship custom luxury mega yacht, estimated to be worth $62 Million. Khosla Ventures has refused to comment if they plan to join the fight against Stanfordism. 

http://925nn.blogspot.com/
9 to 5 News Network 

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