This is a list of companies founded by Massachusetts Institute of Technology alumni, including attendees who enrolled in degree-programs at MIT but did not eventually graduate. This list is not exhaustive, as it only includes notable companies of which the founding and development history is well recorded by reliable sources. In particular, subsidiaries are listed with their owners in parentheses.
Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. The Institute is a land-grant, sea-grant, and space-grant university, with an urban campus that extends more than a mile (1.6 km) alongside the Charles River. The Institute also encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. Founded in 1861 in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. It has since played a key role in the development of many aspects of modern science, engineering, mathematics, and technology, and is widely known for its innovation and academic strength, making it one of the most prestigious institutions of higher learning in the world.
A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:
A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints.
Contents
- Top companies by revenues
- Fortune Global 500 (2017)
- Fortune 1000 (2017)
- Former Fortune-listed companies
- Timeline
- Index
- 2000–present
- 1980–1999
- 1960–1979
- 1900–1959
- Before 1900
- Notable defunct & dissolved
- See also
- References
MIT is one of the leading universities worldwide in attracting funding for start-up companies, and its alumni have founded numerous companies. [1] [2] [3] [4] According to PitchBook, from 2006 to 2017, MIT produced 907 company founders as alumni or current students, creating 780 companies, third most among all universities in the world. [5] [6] In addition, according to a report of MIT Sloan School of Management in 2015, some 30,000 companies founded by MIT alumni were active, employing 4.6 million people and producing annual revenues of $1.9 trillion, roughly equivalent to the 10th-largest economy in the world (2014). [1] [7] Approximately 40% of MIT founders are serial entrepreneurs, starting multiple companies, and 23% of MIT alumni’s new companies are founded outside the United States. [1]
A startup or start up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model. Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to the new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large. Start ups face high uncertainty and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential. Some startups become unicorns, i.e. privately held startup companies valued at over US$1 billion.]]
PitchBook Data, Inc. is a SaaS company that delivers data, research and technology covering the private capital markets, including venture capital, private equity and M&A transactions. It is based in Seattle, Washington, with regional offices in London, San Francisco and New York City.
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
In this list, founders of a company which merged with other companies to form a new company are counted as founders of the new company. However, founders of a company which later dissolved into several successor companies are not counted as founders of those successor companies; this same rule applies to spin-off companies. Finally, a defunct company is a company that stopped functioning completely (e.g., bankrupt) without dissolving, merging or being acquired.
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
