Nov 1, 2013 0
Despite high rankings for entrepreneurship from various media outlets, one site says the University of Maryland is highly underrated.
PandoDaily, which aims to be “the site-of-record for that startup root-system,” used its own method for ranking the entrepreneurial quality of colleges, the StartEngine College Index, and decided that UMCP is the second-most underrated school in the country, and the most underrated public institution.
How did they do that? Well, they created a list of every college with 15 or more alumni whose startups got investor funding. They took the total funding to date each startup received and divided that by the number of founders, creating the measurement “capital per founder,” or CPF. From there, they found the median CPF for each school, which was used to determine the ranking.
Maryland’s median CPF was $10.3 million, second in the nation only to Northwestern University. It beat out all of the Ivy Leaguers, of which Princeton University ranked the highest, third place, with a median CPF of $10.1 million.
Although the university’s number of founders, 18, is meager compared to Stanford University’s 207 and Harvard’s 130, it comes down to the amount of money people tended to invest in those startups, which was generally higher at UMCP.
But PandoDaily, why the tone of surprise? Here is how the writer, Howard Marks, reacted to the stat:
“Who saw that coming? The Terrapins have zero reputation for being an entrepreneurial bunch, but here they are crushing private schools (including the entire Ivy League) on the StartEngine index. Maryland ranks second, with a median IPF of $10.3 million.”
Marks goes on to remind the reader that, after all, Google cofounder Sergey Brin completed undergrad at UMCP. However, perhaps he forgot a little bit more than that.
It’s also alma mater to Ramit Varma, co-founder of Revolution Prep and Jeong H. Kim, whose electronic communications firm, Yurie Systems, was acquired for $1 billion. And let’s not forget Under Armour founder Kevin Plank — it’s no secret where he went to school given his company’s elaborate Maryland Pride creations for the college’s sports teams.
The school’s Dingman Center for Entrepreneurship offers competitions, pitch practice, tech transfer opportunities and a network of angel investors. The university’s Hinman CEOs program was the nation’s first living and learning program for entrepreneurs.
Not to mention, UMCP’s undergraduate Academy for Innovation and Entrepreneurship was ranked 15th in the Princeton Review and Entrepreneur Magazine’s report, and college rating website unigo.com declared UMCP the fourth best college for aspiring entrepreneurs.
Underrated, perhaps, but does UMCP really have “zero reputation” for entrepreneurship?