The former Microsoft chief operating officer’s gift will be split: $500,000 for “an endowed professorship in entrepreneurship” and $1 million to build the Robert J. Herbold Venture Creation Lab at the University of Washington Business School.
The lab “will allow students from across campus to work on their new ventures, meet with an entrepreneur in residence, or practice their investor pitches,” James Jiambalvo, biz school dean, said in a release.
Herbold’s now a consultant and adjunct professor at the National University of Singapore. He was COO at Microsoft until 2001, and before that worked at Procter & Gamble.
He’s a latecomer to the UW — he graduated from the University of Cincinnati and Case Western Reserve University.