Great news that the head of Sequoia is donating £70million to a £300million fund for Oxford University. From the BBC website:
Mr Moritz, chairman of the US-based venture capital firm, Sequoia Capital, spoke of his own family’s debt to benefactors, when they had been refugees from Nazi Germany.
“I would not be here today were it not for the generosity of strangers,” said Mr Moritz.
From his business experience in the US, he said many of the great innovators were from “the most unlikely and impossible circumstances”.
But their progress had been made possible by university scholarships – and he wanted to support such opportunities.
Another example that it is entrepreneurs who make the big donations to Oxbridge and the contribution of Isis Innovation and Cambridge Enterprise is miniscule. Surely the time is for both organisations to place half their resources in assisting and encouraging entrepreneurs instead of playing at being public sector entrepreneurs – something which has never succeeded in the world. If you know otherwise then do leave a comment.
Entrepreneurs remember those who helped them in the early days. In the technical sector, most are given a start at a great university and want to help others to have the same start. It is amazing to think that Trinity College, Oxford, has no Professor of Computer Science – or at least not two years ago.