Harvard Joins Groupon Investor to Finance Student Startups
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Harvard University joined with New Enterprise Associates, the first outside investor in Groupon Inc., to start a seed-stage venture fund for financing student startups and investing on the U.S. East Coast.
The Experiment Fund, starting today in Cambridge, Massachusetts, will invest as much as $250,000 each in ventures focused on information, health care and energy technologies, according to an e-mailed statement today. The fund’s size wasn’t disclosed, nor were details of the participation by Harvard or New Enterprise. The university is the world’s richest.