Deliveroo Selected As Best MBA Startup Of 2017 On Poets & Quants List
Poets & Quants is the preeminent online source for news and information coming from the world’s best and most prestigious post graduate business schools. Every year they publish their list of the top MBA startups. These are the elite startups, coming from the top MBA programs in the world.
Typically Harvard Business School and Stanford Graduate School of Business top the list with highest venture dollars, number of startups on the list and total money raised. But this year, things were shaken up a bit.
For the first time ever, Harvard did not have the most number of ventures on the list. They had 42 out of the 100 total ventures on last years list. This year that number dropped to just 24 startup ventures, with a combined $618.29 million raised in venture capital. Stanford tied Harvard this year with 24 startups on the list. Their 24 startups raised $958.64 million. Of course they have an advantage, being right down the street from Sand Hill and having a number of alumni atop some of the biggest tech companies in the world. Newly minted billionaire and Snapchat founder, Evan Spiegel went to Stanford, but was not in their post graduate program.
This year it was a Wharton MBA that ranked at the top of the list. Deliveroo, founded by William Shu, was top ranked startup on the Poets & Quaints list. Shu is a 2012 graduate from Wharton’s MBA program. Deliveroo has raised $474.59 million in venture capital. Poets & Quaints points out that Deliveroo is the first venture to top the list not coming from Boston or Palo Alto.
The second place startup on the list was Linio, the largest e-commerce platform in Latin America. It’s founders hale from NYU’s Stern School of Business, MIT’s Sloan School of Management and Harvard Business School. They have raised $230.5 million. Door Dash, a San Francisco startup founded by Stanford MBA’s came in third.
As for Deliveroo, Shu created a roadmap and MVP for Deliveroo while taking MGMT 806: Venture Implementation. The course, taught by Patrick Fitzgerald, has a hands on approach to developing companies.
“The course provides MBA and other Penn students the opportunity to work closely with a faculty member on developing their venture concepts while also receiving academic credit.” reports Wharton’s Entrepreneurship Blog.
This course prepared Shu to take Deliveroo to the next level.
“Will used 806 to help vet the concept for Deliveroo. He put together a roadmap and MVP concept to test his theory that Deliveroo could be a reality upon graduation. He was able to pitch his idea to venture capitalists, angel investors, and fellow students.” Fitzgerald said.
For over 100 years, Wharton has been one of the most prestigious MBA programs in the country. Their alumni includes titans of industry like Reginald Jones (GE), Leonard Lauder (Founder Estee Lauder), Victoria Mars (Mars Incorporated), and William Wrigley Jr (Wrigley Company). They’re not often talked about in startup circles the way Harvard and Stanford are. Deliveroo is a true indication of what’s to come from the Wharton program.