Entrepreneur and Sacramento Kings owner Vivek Ranadive sat down with TechCrunch to discuss how he’ll be allocating the University of California’s $250 million investment. The venture fund will be used to invest in innovative “value-driven” startups, many stemming from the UC ecosystem. The University of California and its ten campuses have been granted more patents than any other university in the world and the community boasts over 30 accelerators and incubators. Ranadive often invests alongside celebrity investors, including Shaq and Drake. The fund will ultimately have more than $250 million when it is done raising money from other parties.
“It doesn’t get any smarter than UC,” said Ranadive.