America's Only Exclusively Student-Run Venture Fund

An interesting effort is underway in North Dakota, where the University of North Dakota (UND) is sponsoring the only student-led and managed venture capital fund in the US. The Dakota Venture Group got started with a donation from a local entrepreneur, and is now managed by five students enrolled in UND’s business programs. Other universities operate student venture funds, but UND officials consider Dakota Venture Group to be unique because it is 100% managed by students. Students handle all aspects of the investing process, from screening deals to due diligence to actual investing. The fund looks for high-growth opportunities in North Dakota and Minnesota and is especially interested in firms started by UND students and alumni. The fund is viewed as a great opportunity to learn the ins and outs of equity investing, and also to make a difference in the economy of the Great Plains region.

Learn more about the Dakota Venture Group.

This article can also be found at http://www.publicforuminstitute.org/nde/news/2007/enews-07-07-30.htm.