Which University Is No. 1 for Midas List Members?

If your grad school was the only determining factor in getting onto Forbes magazine’s Midas List of top venture capitalists, which school should you attend?

A.)    Harvard Business School
B.)    Stanford Business School
C.)    None

According to an  analysis of the Midas List by James Newell, a senior associate at Institutional Venture Partners (IVP), the answer is B — Stanford.

Of the 100 investors on the Midas List, 30 have graduate degrees from Stanford; 19 from Harvard; seven from the University of Pennsylvania; five from MIT; four from the Kellogg Graduate School of Management at Northwestern University; three from the Tuck School of Business at Dartmouth; two each from Columbia University and the University of California at Berkeley; and seven from seven different universities, including the University of Oxford, Purdue University and Georgetown University, Newell’s research shows.

It should come as a surprise to no one in Silicon Valley that the school with the second largest number of people on the Midas List is the School of Hard Knocks. Twenty-one people on the list don’t have graduate degrees, according to Newell’s analysis. That list includes Marc Andreessen, co-founder of Netscape and venture firm Andreessen Horowitz; angel Ron Conway; Kevin Harvey of Benchmark Capital; Roger Lee of Battery Ventures; Danny Rimer of Index Ventures; Greg McAdoo of Sequoia Capital; Ted Schlein of Kleiner Perkins; and Brad Feld of Foundry Group.


Another interesting factoid from Newell’s analysis: Three of the top 10 people on the Midas List don’t have an MBA: Andreessen (No. 10), Peter Thiel of Founders Fund (No. 7), and Reid Hoffman (No. 3) of Greylock Partners. Thiel has a J.D. from Stanford Law School and Hoffman has a master’s in philosophy from Oxford.

Newell’s list will certainly make for a great recruiting tool for Stanford, but is there anything important to be taken away from it? You tell me.