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Access here alternative investment news about Vivek Ranadivé leading UC's $250 Million VC Fund | Re/code
Venture Capital

Vivek Ranadivé leading UC's $250 Million VC Fund | Re/code

by posted 3years ago 11363 views
In September of last year, the University of California Board of Regents approved the creation of an independent venture fund that would launch with $250 million. Last week, the board named billionaire Sacramento Kings owner and entrepreneur Vivek Ranadivé as the fund’s leader. Why might a university, especially a gigantic public one like the UC, get into the venture investing business? Though Ranadivé and the university talk a big game about building an entrepreneurial culture in the UC system, the biggest reason is to retain a slice of the cash that companies started on campus generate.