Keep pulling the thread on Rob Wallace.
The Stanford University endowment is valued at approximately $50 billion.
Since taking leadership in 2015, Rob Wallace has reduced the number of external partners for the Stanford endowment from 300 to approximately 85.
Over the past 11 years under Rob Wallace's management, the Stanford Endowment has achieved an average rate of return of about 10%.
Approximately one-third of the Stanford endowment's 85 core external partners are new firms that Stanford Management Company helped put into business.
Rob Wallace believes that some existing software businesses will be disintermediated by artificial intelligence, a trend he states is already happening.
Artificial intelligence is the source of the most important investment opportunities currently being seen by the Stanford Management Company.
Rob Wallace predicts that artificial intelligence will impact most parts of the global economy in a profound way at some point.
Stanford University's endowment is the fourth largest in the United States, behind those of Harvard, the University of Texas System, and Yale.
The net effective tuition paid at Stanford University is $20,000 per year, a level made possible by its large endowment.
90% of Stanford University students graduate with no student debt.
The Stanford endowment's asset allocation is approximately 70% in equities (public and private) and 30% in less risky, more liquid assets.
The Stanford endowment has a target to pay out 5% to 5.5% of its value to the university annually.