University of Michigan Social Venture Fund

Last updated

The University of Michigan Social Venture Fund ( SVF ) is the first student-run social venture fund in the United States. [1] Established in 2009 by four Ross School of Business MBA students, the Social Venture Fund invests in innovative and mission-driven social enterprises. The SVF is overseen by Professor Gautam Kaul and housed in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan. [2] [3] [4]

The SvF aims to strengthen the leadership of the Ross School of Business by integrating social and environmental issues into business school education.

The Fund's members are currently organized into a non-hierarchical structure that includes a lead team and four circles of interest – Education, Food Systems & Environment, Health, and Urban Revitalization (focused on Detroit). [5] [6] The SVF was awarded with the 2010 Ross MBA class gift. [7] The Social Venture Fund is the University of Michigan's third student-led fund, joining the early-stage Wolverine Venture Fund and the pre-seed Frankel Commercialization Fund. The Fund made its first investment in late 2011 and its second investment in early 2012. [8]

This fund is currently being led by the Leadership Team, including Max Berry, Katherine Cima, Alli Lesovoy, Nathan Lohrmann, Hershey Pilla, and Caroline Suttlehan.

Related Research Articles

Columbia Business School Business school

Columbia Business School (CBS) is the business school of Columbia University, a private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one of the oldest business schools in the world. Although it originally offered undergraduate degrees, it stopped doing so in the middle of the twentieth century and now only offers graduate degrees and professional programs.

Vinod Khosla American businessman

Vinod Khosla is an Indian-American billionaire businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. Khosla made his wealth from early venture capital investments in areas such as networking, software, and alternative energy technologies. He is considered one of the most successful and influential venture capitalists.

Copenhagen Business School Business school

Copenhagen Business School often abbreviated and referred to as CBS, is a public university situated in Copenhagen, Denmark and is considered one of the most prestigious business schools in Western Europe and the world.

B. Joseph White

Bernard Joseph White is president emeritus of the University of Illinois and professor emeritus of business at the University of Illinois at Urbana–Champaign. He is dean emeritus of the Stephen M. Ross School of Business and professor emeritus of business administration at the University of Michigan, where he also served as interim president, and Wilbur K. Pierpont Collegiate Professor of Leadership in Management Education. He is the author of The Nature of Leadership and Boards That Excel: Candid Insights and Practical Advice for Directors. Boards That Excel was named Governance Book of the Year for 2014 by Directors and Boards.

Saïd Business School Business school in the University of Oxford

Saïd Business School is the business school of the University of Oxford. The School is a provider of management education and is consistently ranked as one of the world's top business schools.

Samuel Zell is an American billionaire businessman and philanthropist. A former lawyer, Zell is the founder and chairman of Equity Group Investments, a private investment firm, founded in 1968. The company invests across industries and geographies and throughout the capital structure. He has substantial interests in, and is the chairman of, several public companies listed on the New York Stock Exchange;Equity Residential (EQR), Equity LifeStyle Properties (ELS), Equity Commonwealth (EQC), and Covanta Holding Corp. (CVA), and Anixter.

The Rady School of Management is the graduate business school of the University of California, San Diego. It offers full-time and part-time Master of Business Administration (MBA) programs, a full-time Master of Finance degree, a full-time Master of Science in Business Analytics degree and a full-time Master of Professional Accountancy degree. In addition, the Rady School has a Ph.D. program, offers non-degree executive development programs, and undergraduate courses including minors in business, accounting, supply chain and entrepreneurship & innovation. The Rady School of Management is the second-youngest professional school at UC San Diego.

Stephen M. Ross American businessman

Stephen Michael Ross is an American real estate developer, philanthropist, and sports team owner. Ross is the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972. Related is best known for developing the Time Warner Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project. According to Forbes magazine, Ross has a net worth of $7.6 billion in 2020, ranking him 185 on Forbes Billionaires List in 2020. Having doubled his net worth since 2008, he paid no income taxes in the next decade utilizing the losses on the properties he owned. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium.

Anne Dias-Griffin French-American investor and philanthropist

Anne Dias Griffin is a French-American investor and philanthropist. She is the founder and chief executive officer of Aragon, an investment firm active in global equities, with a focus on the internet, technology, and consumer sectors, as well as alternative assets.

Rick Snyder American politician and business executive

Richard Dale Snyder is an American politician, business executive, venture capitalist, attorney, and accountant who served as the 48th governor of Michigan from 2011 to 2019. He is a member of the Republican Party.

The Anderson School of Management (Anderson) is the business school of the University of New Mexico (UNM). Anderson was the first professional school of management established in the state of New Mexico. Anderson's current alumni base is over 24,000 graduates.

The New York University Leonard N. Stern School of Business is the business school of New York University, a private research university based in New York City. Founded in 1900, Stern is one of the oldest and most prestigious business schools in the world. It is located on Gould Plaza next to the Courant Institute of Mathematical Sciences and the economics department of the College of Arts and Sciences.

Tippie College of Business

The Tippie College of Business, also known as Tippie, is the business school located at the University of Iowa in Iowa City, Iowa. Established as the College of Commerce in 1921, Tippie is one of the oldest and highest-ranked business schools in the United States. The college is named after 1949 graduate Henry B. Tippie, marking the first academic division at the University of Iowa to be named after an alumnus. The college is located in the Pappajohn Business Building, which is named after 1952 graduate Des Moines venture capitalist John Pappajohn. Since 1923, the college has held the gold standard of accreditation, the Association to Advance Collegiate Schools of Business (AACSB). Today, with over 50,000 alumni and 4,700 students in programs spanning from BBAs to PhDs; the college houses six academic departments, 12 centers and institutes, and four student-managed endowment funds.

Eric Lefkofsky American billionaire businessman (born 1969)

Eric Paul Lefkofsky is an American billionaire businessman. He is the founder of Tempus, and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. He is an early investor in Uptake, and the managing director of Chicago-based venture capital firm, Lightbank. As of October 2021, his net worth was estimated at US$4.1 billion.

Ann and Robert H. Lurie Family Foundation was incorporated in 1986 and, in 2000, the name was changed to Ann and Robert H. Lurie Foundation. The Foundation was established by Chicagoans Robert H. Lurie, a real estate and investment magnate who died from colon cancer in 1990, at age 48, and his wife, Ann.

Ross School of Business Business school of the University of Michigan

The Stephen M. Ross School of Business is the business school of the University of Michigan. It is ranked among the best business schools in the world by The Economist, Financial Times, QS World University Rankings, U.S. News & World Report, and Bloomberg Businessweek.

Toronto Metropolitan University Entrepreneurship Program

The Toronto Metropolitan University Entrepreneurship Program is an undergraduate program with both major and minor degree programs taught at the Ted Rogers School of Management at Toronto Metropolitan University. In addition, the university also performs ongoing research into the fields of entrepreneurship and strategy development.

David S. Rose

David Semel Rose is an American serial entrepreneur and angel investor. He is an investor in startup technology companies and founder of New York Angels, an early-stage technology investment group. He is Managing Partner of Rose Tech Ventures, a venture fund focused on Internet-based business, and CEO of Gust, which operates a collaboration platform for early stage angel investing.

Brad Keywell is an American entrepreneur from Michigan. He is the founder and executive chairman of Uptake Technologies, an industrial AI software provider. He is an early investor of Tempus Labs, co-founder of Groupon, Echo Global Logistics, Mediaocean, DRIVIN, and Lightbank. As of August 2020, his net worth was estimated at US$ 2.7 billion. Keywell is the recipient of the 2019 Ernst & Young World Entrepreneur Of The Year award.

References

  1. ↑ Bomey, Nathan (21 September 2010), "University of Michigan students start nation's first venture capital fund for social benefits", The Ann Arbor News, retrieved June 19, 2011
  2. ↑ Damast, Alison (27 September 2010), "Student Venture Funds Tackle Social Problems", Businessweek, retrieved June 19, 2011
  3. ↑ "Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies - Social Venture Fund]", Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies, retrieved June 19, 2011
  4. ↑ Zinsli, Christopher (21 September 2010), "College Showdown: Two Schools Face Off… To Invest Responsibly", Wall Street Journal, retrieved June 19, 2011
  5. ↑ "Focus Areas", UofM Social Venture Fund, retrieved June 19, 2011
  6. ↑ "Team – Social Venture Fund", UofM Social Venture Fund, retrieved June 19, 2011
  7. ↑ Nickson, Mary (30 September 2010), "Ross Launches Social Venture", News Room – Ross School of Business, retrieved June 19, 2011
  8. ↑ Kutz, Erin (27 September 2010), "University of Michigan Social Venture Fund Comes Out of Stealth, Aims to Invest in Companies at the Nexus of Public and Private", Xconomy Detroit, retrieved June 19, 2011
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.