Personal 83.3Family 20.1Friends 11.8Bank 15.2Angels 12.3VCs 9.3
Interesting fact: 21% of businesses were founded to be global, and another 17% evolved to be global.
44.1%33.6%9.7% (incubator, mentoring)9.7%5%
Toward an Understanding of Alumni Entrepreneurial Activity at a Technological University McRae C. Banks with Drew Gilday and KaterinaMangaroska School of Business Worcester Polytechnic Institute
Motivation and Method Learning about our entrepreneurial alumni Similar to MIT alumni studies by Ed Roberts Online survey Email with link sent to over 15,000 living alumni of WPI Given four weeks to participate, but closed after six weeks Two reminder messages sent 622 responses (~ 4%)
Majors 348 Engineering 68 Math/Computer Science 65 Science Balance Other (MBA, MSIT, MIS, MGE, MG, SS, System Dynamics, etc.) Civil Engineering and Mechanical Engineering comprise 50 percent of participants Vast majority graduated prior to 1995
Take Aways for WPI Humbling, but reinforces importance of mindset A handful of really successful alumni we should engage Surprised at the percentage of serial founders Surprised at the low importance of IP