Budding female entrepreneurs take note: Attending top-ranked business schools like Harvard could result in big rounds of venture capital down the road.
That’s the finding of research firm Pitchbook, which chronicled the educational careers and funding sources of 13,000 entrepreneurs throughout the world.
Women generally have a tough time getting their hands on VC funding, but apparently not when they attend Harvard Business School. The study found that 29 female entrepreneurs who had completed undergraduate programs at Harvard raised $557 million in VC funding, and 56 women MBA grads raised $532 million.
Harvard is the former stomping grounds of a number of well-known female entrepreneurs, including Gilt Groupe‘s Alexis Maybank and Alexandra Wilkis Wilson, Rent the Runway‘s Jennifer Hyman and Jenny Fleiss, and LearnVest‘s Alexa von Tobel.
Women who completed programs at Stanford, Massachusetts Institute of Technlogy, the University of California- Berkeley and New York University also were able to secure larger sums of investor cash. At Stanford, female-undergrads-turned-business-owners raised $460 million in all, and women who completed their MBA program raised $201 million. Presumably, aside from top-notch educations, the women also benefit from influential alumni networks. (OK?)
There were, however, some troubling aspects to Pitchbook’s findings — namely, that the number of women business owners coming out of these programs still lags considerably behind the number of male entrepreneurs emerging from the same institutions.
As Fortune notes, those 56 female entrepreneurs who completed Harvard’s MBA program only comprise approximately 16 percent of the 352 total business owners that founded and grew ventures during the length of time examined in the study.