This 24-year-old venture capitalist is using UC Berkeley as his own incubator

Universities have in recent years awakened to the fact that students can help them make money through more than just tuition and board. Stanford University started investing in students' start-ups in 2013. Harvard University does the same through its Xfund. Last year, the University of California launched a 250-million venture fund to invest in companies that grow out of the UC system. Now, UC Berkeley is getting in on the game -- through a new fund led by 24-year-old Los Angeles native Jeremy Fiance.