In terms of the second question, with respect to technology, Yale's had a long-standing commitment to venture capital.
For the next four or five years, Mr. Khosla said, his time commitment to venture capital activities would "be more like 75percentt".
As a result, annual commitments to venture funds have fallen from $56.1 billion in the four years ending in 2001, to $17.3 billion in the four years ending in 2012, according to Thomson Reuters data compiled by the association.
Considering the risk associated with start-ups and the need to lock up capital, it is no wonder new commitments to venture capital funds have declined four years in a row.
These investments are happening against a backdrop of rising dollar commitments to venture-backed branded businesses, even as the number of those investments declines.
They're other investments have gone south, they are over-leveraged, and there is buzz that some are pulling back from their commitments to venture funds.
In efforts to rebalance their portfolios, large investors might reduce their new capital commitments to venture capital funds until public equity securities rebound on their valuations.
The Greenland government in Nuuk has just underlined its commitment to new ventures by repealing a law that prevented any kind of uranium mining.
Financial commitment to these ventures should be significant, but they should be staged in a way that lets the management team get the framing right.
Stanford had demonstrated a commitment to cooperative ventures with electronics firms since before World War II, and later with the computer industry, in order to develop the region surrounding the university a region now known as Silicon Valley.
