Garber Venture Capital Fund, established in 1999 (thanks to a $5 million commitment from Penn State Alumnus Dr. John Garber, and his wife Bette), brings reality to the teaching of entrepreneurship and venture capital by enabling MBA students to become actively involved in the process of equity investment and new ventures. Students examine current investment opportunities and decide whether to invest from the fund in a particular transaction. Since July 2002, the Fund has made seven investments, exited two, and written off two. Initial investments from the Fund have been between $100,000 and $325,000 and have been in the form of convertible debt or preferred stock. Garber is the nation's largest and most active student-centric venture fund.