Grant M. Inman, MBA 69, and Suanne B. Inman, donated $100,000 to the Venture Partners Investment (VPI) fund, providing the fledgling fund's first major gift. VPI is a unique cooperative venture between UC Berkeley's College of Engineering , the Haas School of Business, and School of Information Management and Systems, each of which receives 60%, 30%, and 10% of proceeds, respectively.
The VPI Fund will engage in a range of venture capital investment activities, recommended by a volunteer VPI Investment Committee.
Dean Tom Campbell and Richard Newton, dean of the College of Engineering and also a donor to the fund, have procured more than $800,000 in pledges so far.
VPI recently made its first investment, putting $10,000 into Corvigo, a creator of anti-spam technologies. Says Dean Campbell, “I think VPI is the most imaginative improvement in how we can fund our school that I've seen.” Campbell also praises Inman's love and support of the Haas School as “legendary.”
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