A staff at Stanford discovered that startup founders linked to the College of Cincinnati and the College of Utah have been extra more likely to hit a billion-dollar or extra valuation, or unicorn standing, with their startups. These colleges are extra seemingly than Ivy League universities to supply a unicorn, the report discovered.

Ilya Strebulaev, the David S. Lobel professor of personal fairness and professor of finance on the Stanford College Graduate College of Enterprise, revealed that founders of a U.S. startup who studied or labored on the College of Cincinnati have been 3.3 instances extra more likely to discovered a unicorn than common. Strebulaev’s personal office, Stanford, was 1.6 instances the common for comparability.

^{Normal view of the College of Cincinnati campus. Photograph by Michael Hickey/Getty Photographs}

“We began by figuring out the tutorial {and professional} background for founders of 1,110 US-based VC-backed unicorns and 1,028 randomly chosen VC-backed corporations,” Strebulaev wrote in a LinkedIn put up. Of that group, 1,081 unicorns and 961 random pattern startups had no less than one founder related to a college.

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The staff on the Stanford College Graduate College of Enterprise Enterprise Capital Initiative, which Strebulaev based, then checked out which universities tied again to unicorns, and which of them have been within the random pattern group to find out which of them have been almost certainly to tie again to unicorn founders.

The College of Cincinnati, for instance, was linked to 1% of the 1,081 unicorns that the staff checked out and to 0.3% of the 961 random pattern startups. Dividing these two percentages yields 3.3 or in Strebulaev’s phrases, “the percentages ratio of manufacturing a unicorn.”

The College of Utah had an odds ratio of three.2; Yale and Vanderbilt adopted with a ratio of two.0. The College of California, Berkeley stood at 1.5.

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The examine’s findings distinction with earlier work from the staff analyzing the identical query. Three months in the past, Strebulaev recognized that Yale, Columbia, and Stanford had the highest odds ratios following the identical methodology. The distinction in outcomes could possibly be brought on by which corporations have been within the random choice group this time round.

One notable unicorn from the College of Cincinnati is Astronomer, which surpassed a billion-dollar valuation in 2022. Ry Walker, a co-founder on the startup, not too long ago served as an Entrepreneur-in-Residence at UC’s Enterprise Lab.

Listed here are the highest 5 colleges with the very best odds ratio of manufacturing a unicorn:

1. College of Cincinnati — 3.3 instances extra seemingly
2. College of Utah — 3.2
3. Yale and Vanderbilt — 2.0
4. Columbia, BYU, and Stanford — 1.6
5. The College of California, Berkeley — 1.5.

Click on right here for Strebulaev’s full announcement of the evaluation.