In an age of change in terms of how businesses are started and run, Peter Briger and other Princeton Alumni are stepping in to help the new generation discover and progress their talents in the ever-changing landscape of the world of entrepreneurship. Recently, a pilot funding program has been created by Peter Briger and other Princeton alumni to formulate a permanent fund in order to further amplify Princeton’s core educational mission. This program will be monumental in what it offers, those chosen can expect to have some of the best minds as mentors and a fund of up to $100,000 to be used for their star up.
The Alumni Entrepreneurs Fund (AEF) has been put on the forefront of the entrepreneurship advisory committee due to its necessity for current alumni seeking aid for their ventures. Peter Briger states that these students are entering into a disruptive time in business, and if the support and funds are not there then they will sink. In addition, this program would seek to encourage creativity, risk, and innovation that otherwise would not be possible.
So. how will it work? Four teams which have already been chosen for the pilot program will be set up with not only a fund for their projects but also face to face meetings with other alumni’s working in their field, they will mostly play a mentor role in their journey.
Peter Briger is no stranger to risk, creativity and innovation as he has worked for investment banks that do business all over the world. Peter Briger is a principal and co-chairman of the board of directors of Fortress Investment Group and previously a partner for Goldman, Sachs. Peter stated recently that he is incredibly grateful for the opportunity to put this program together and will continuously work towards making it a first-class reality. Peter Briger Jr: Fortress Investment Group’s King of Debt
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