MBAs To Get Backing From A Venture Capital Firm
December 30, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Students who graduate from an MBA program often look for ways to get into the business world through any connections or backing they can find. Now, one firm is looking to help MBAs find the right business opportunity.
A venture capital firm in Palo Alto, California, is looking to raise $35 million to go towards the backing of young entrepreneurs to help them buyout a business, according to the Dow Jones VentureWire.
Pacific Lake Partners will give recipients between $300,000 and $500,000 to aid MBAs in their search for the right opportunity. The search fund will go towards living expenses while they hunt.
One of the reasons behind this venture is to help a prospective entrepreneur buy out a $10 million to $30 million company, which Pacific Lake Partners will fund an extra $1.5 million towards and will encourage other investors to do the same. The goal is to give MBAs the experience they need without having to go broke in the process.
While financial backing could help you garner the experience you need, an MBA degree could provide you with the knowledge required to make superior business decisions.
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Related Article Topics: Management
