Biz school rewards ambition.

Investment News, March, 2000 by Goff, Lisa

Lang Fund puts dough in MBAs' bright ideas Three years after Bruce Schneider turned his passion for winemaking into a business and a year after that business ran full throttle into a wall labeled "management and financial expertise," Mr. Schneider decided the time had come for Columbia University's Business School.

There, courtesy of an innovative program, he got lucky. Not only did he pick up the skills he lacked but, thanks to the school's Eugene Lang Entrepreneurial Initiative Fund, he also got his $55,000 business school tuition back, times four -- with interest. Mr. Schneider became only the second student at Columbia Business School to be awarded a $250,000 investment from the Lang fund, established in 1996 with a $1 million gift from...

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