Stanford University is one of the world`s leading research university and one of the finest Institutions across the world. I don`t qualify enough to give a introduction about how great of a institution Stanford is.
I was recently taking a course from a Stanford Professor and he shared a great piece of data that kept me mesmerized for days. This course was related to Entrepreneurship and being a Stanford professor, he gave a insight into the Entrepreneurs that Stanford University alone has created and what kind of a impact it has on the present world. I`m replicating that information here -
The above is the list of companies that Stanford Graduates have either founded. There is also information on the year of their graduation from Stanford and year of founding the company. Some of the most prominent companies like Google, Cisco, HP, eBay, Yahoo, Netflix, Nvdia has been founded by a Stanford Grad.
If you closely observe the "Net Valuation" of all the companies founded by Stanford grads, its a mind boggling $548 Billion. To put that on a perceptive, lets compare this valuation with the GDP of countries. Seriously !!
(Note : All the data is taken from The world Factbook from the Official CIA website and Wikipedia. Data varies per different reports and only Nomial GDP with exchange rates are considered)
Here are the world`s Top countries in terms of GDP (as of 2013)
(By the way, the whole world is evaluated at $72.87 Trillion Dollars)
Next, here are the list of countries that have GDP less than $548 Billion.
As you could see, There are 200 countries whose GDP is less than the net worth of Stanford Graduates founded companies. So, to me this is astonishing. The kind of impact Stanford Graduates have created across the world is truly remarkable. Not just in terms of Creating value to mankind through services and products, they also employ about 5,00,000 people.
So, to me, a Stanford degree is worth more than the gross GDP of many countries. The same could be said about Harvard(Eg. Facebook-Mark Zuckerberg). But, it does not mean that only a Stanford grad could form such companies and create such a impact on the world. In a later post, I`ll try to come with a similar comparison that talks about what kind of Impact have college/school drop-outs created(Apple, Microsoft).
BTW, You could learn from Stanford professors for free by taking a online course from Venture Lab.
Let me know your thoughts in the comment section ?