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Where Funded BIPOC Startup CEOs Went To School

Illustration of Black Founders looking at startup rocket

Whatever one鈥檚 race, ethnicity, or gender, if the goal is leading a venture-backed American startup, attending , or seems to greatly increase the odds of success.

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This is the oft-repeated conclusion of an ongoing series of 附近上门 data dives looking at the most popular colleges and universities among startup founders and CEOs. Earlier this month, we looked at top schools for female founders. In earlier pieces, we鈥檝e looked at all founders, as well as CTOs and CEOs.

For this latest endeavor, we focused on CEOs of American startups who identify as racial or ethnic minorities, a group categorized under the acronym BIPOC. It was a comparatively small –with just 687 BIPOC chief executives of companies funded in the past two years, per 附近上门 data. And of those, many did not have a university affiliation in their profile.

The small sample size nonetheless broadly reflected the same trends we鈥檝e seen in prior analyses. That is, the most common schools for BIPOC CEOs are the nation鈥檚 most prestigious and selective research universities. Think Ivy Leagues, elite West Coast schools, and big public and private research institutions.

Below we chart out top schools by number of funded BIPOC CEO graduates:

There were a few notable distinctions between this list and previous research we鈥檝e done around startup leaders and universities. One is that for the BIPOC cohort, the (Penn) edged out Harvard. Another is that ranked higher than MIT, which has not been the case for previous groups we鈥檝e analyzed.

Given that the BIPOC analysis featured a smallish sample size, it鈥檚 probably best not to make too much of these distinctions. There is an element of randomness, and with few CEOs on the list, a small number of graduates can shift the rankings rather dramatically.

Business school rankings

We also did a ranking looking specifically at business schools, shown below:

 

Looking at the business school list, it鈥檚 easy to see why Penn topped Harvard. Penn鈥檚 had at least 25 funded BIPOC CEO graduates, compared to 16 from .

In third place is , which with an enrollment of just around 850 students is the smallest of the top three. Wharton, which has both undergraduate and MBA programs, is the largest of the top three, followed by Harvard Business School.

Naming some names

Our research also provided university affiliations for some prominent BIPOC CEOs who have raised funding in the past couple of years. Here are a few names, followed by their companies and universities:

, co-founder and CEO of , Stanford

, co-founder and CEO of , ,

, founder and CEO of ,

, founder and CEO of ,

, founder and CEO of ,

, CEO of ,

, founder and CEO of , UC Berkeley

Methodology

The dataset focused on CEOs whose organizations last raised funding sometime in the past two years. We focused exclusively on American universities and companies. Our query included all types of funding for this query, not just venture funding, and did not include a minimum funding amount. The overwhelming majority of companies on the list are private, but it does include some companies that raised private funding in the past two years but have since gone public.

Illustration:

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