Tag Archives: Alumni Entrepreneurs fund

Home / Alumni Entrepreneurs fund
1 Post

Having been at Princeton University, Peter Briger understood the need for the university to have an Entrepreneurship support fund. This is why he would become one of those who funded it on its first round despite not having much to go on at the time. Princeton always held the belief that entrepreneurship is the way to go and it would not only be good for the university, but for the country as well given its ability to create employment as well as meet human needs that are currently not being met by what is available in the market. Peter Briger believed in this vision, and he has been one of the most vocal supporters of the Princeton Alumni Entrepreneurs fund. He has dedicated both his time and resources in the hope that this dream would one day come to flourish. Today the fund has been able to achieve quite the amount of success, having supported various startups created by either Princeton students or alumni. The fund requires that all projects aspiring to be funded get submitted to an independent panel of judges who then assess their viability after which they recommended the amount of funding to be granted. This usually goes up to one hundred thousand dollars as well as mentorship from a leading entrepreneur within that field. This belief by Peter Briger comes from working with various entrepreneurs over the years, both in Goldman and the Fortress Investment Group. These are individuals that these corporations have invested in either directly or indirectly and over the years he has been able to monitor their progress and saw the results first hand. At Fortress Peter Briger has been able to lead his credit division over the years doing deals worth more than 100 billion dollars, some of which were made to startups. The ability to make such complex business analysis has earned him a spot on the Forbes list of top 400 most influential business professionals. This continues to date even as he led the Fortress Investment Group as Co-CEO even after its acquisition by Softbank for 3.3 billion dollars earlier this year. A Force of Innovation: Two Decades of Fortress Investment Group