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You don’t need an MBA degree to launch a business and raise capital. But plenty of business school graduates have founded startups that have raised millions of dollars in funding. 

The school that tops a new Crunchbase ranking of business schools that have produced the most successful alumni-founded startups (defined as raising $1 million or more in the past year) is Harvard Business School — by a wide margin. The school has 124 funded startups setup by its alumni, according to Crunchbase, though as Harvard has larger class sizes than its peers, that is perhaps not so surprising. Stanford GSB, in the heart of entrepreneurial ecosystem Silicon Valley, and the Wharton School are in second and third places with 59 and 53 startups apiece. 

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