In need of some midweek reading? Catch up on a BusinessBecause article all about MBA entrepreneurs and the funds investing in them, including the Wolverine Venture Fund at Ross.
From the article:
“Set-up in 1997, Wolverine, which operates out of the Michigan Ross School of Business, has a fund totalling $7 million. It is run by a team of about 25 MBA and dual-degree MBA students, and has a portfolio of 14 companies, says Nickhil.
Wolverine typically co-invests with other VC firms in start-ups that are already revenue generating and are looking for a first round of capital. Investments range from $100,000 to $700,000 and the fund typically takes a sub-5% stake in companies, says Nickhil.
It has invested in MBA-run companies before but most investments pump cash into spin-outs from the wider university. The fund’s successful exits include Intralase, an optical laser company which raised $85.8 million when it listed on the NASDAQ stock exchange in 2004. Advanced Medial Optics later acquired it for $808 million, in 2007.”
To read more about the Wolverine Venture Fund and other similar funds at business schools, check out the full Business Because article here.