London's Most Entrepreneurial Universities (as seen on AngelList)

With universities adding more entrepreneurship classes to their curricula and priding themselves on what percentage of their graduates start companies, I wanted to see which of London’s universities are producing the most tech startups.

Startups on AngelList are tagged with the universities that the founders attended; Stanford graduates have founded 1,205 startups on AngelList, MIT graduates 653 and Harvard graduates 560 (these numbers are just the universities without including include their business schools; HBS has another 394, Stanford GSB 256 and MIT Sloan 157).

In the UK, Oxford beats Cambridge with 266 startups founded by alumni to 211. In London, LSE is the clear winner with 203 startups founded by alumni with UCL and Imperial fighting for second place with 96 startups each.

Also interesting is looking at the number of startups founded by their graduates that are still located in London; UCL has the highest with 38, LSE is in second with 30 and Imperial in third with 28. Only 30 of the 203 startups founded by LSE alumni are based in London; this could be explained by the high number of international students attending LSE for graduate or summer programmes.

Number of startups tagged on AngelList

However, these numbers do not take into account the sizes of the universities; a university with less students would also be expected to produce less startups. To account for this, I’ve divided the number of startups tagged on AngelList by the current number of students at the university (as found on their Wikipedia pages) to normalise to the number of startups founded by alumni, per 1,000 current students.

Number of startups tagged on AngelList per 1,000 current students

LSE (with only 8,810 current students) is again the clear winner with 23.04 startups per 1,000 current students. Imperial (13,410 students) beats UCL (24,680 students) with 7.16 startups per 1,000 current students to 3.89.

The data used all comes from the AngelList Finder, a spreadsheet with the data used can also be found here.

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