Today's episode explores three ideas that caught my attention:    

1.  The maturity evolution - His emphasis on campus ecosystems moving away from "every idea is good" to investor-ready reality checks highlights a necessary shift in the academic entrepreneurship model.
2. The pledge-based investing model - Tom's concept of angels pledging a percentage of capital gains as a gift back to universities creates a virtuous funding loop I have seen deployed in some university entrepreneurship circles. Clever and effective way of giving back to an ecosystem.
3. Business plans are not entrepreneurship - Tom's story about the seven-year business plan made me realize how often the academic world often mistakes preparation for progress in entrepreneurship. “No business plan survives contact with a customer.”

I explore these ideas and more with Dr. Thomas Duening, founder of the International Collegiate Angels Network (ICAN), a global platform connecting investors to high-potential Campus-Born Ventures. With over 30 years of experience in entrepreneurship education and nearly four decades as an entrepreneur and investor, his work focuses on validating the effectiveness of academic entrepreneurship programs by demonstrating that campus ecosystems now produce investor-ready ventures at scale.

During our conversation, Tom shares: 

• Criteria for "Campus-Born Ventures" including the 20% ownership threshold and three-year alumni definition that creates investment-ready deal flow.
• Why university funding transitions under the current administration are forcing campuses to find creative revenue sources through entrepreneurship.
• Why the "K-16 education system" mindset creates entrepreneurs unprepared for customer rejection and how mature campus ecosystems address this.

Connect with Tom 

LinkedIn | Website

Stuff We Reference 

• ICAN Investor Day
• Salt Athletic
• Arizona Technology Investor
• Desert Angels
• University of Houston
• Wolf Center for Entrepreneurship

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All opinions are personal and may not reflect the views of The Diligent Observer. Not investment advice.