I agree, this idea is not that novel. University of Michigan has been investing its endowment money in start ups for a long time in the form of MBA student run

I agree, this idea is not that novel. University of Michigan has been investing its endowment money in start ups for a long time in the form of MBA student run groups[1]. Though I will point out this program does not specifically invest in Michigan Affiliated Entrepreneurs. [1]http://www.zli.bus.umich.edu/wvf/ http://www.zli.bus.umich.edu/wvf/ Edit: Comma Removed