MBA Absurdity as a Sign of the Times
Original post made by Paul Losch on Apr 2, 2010
I did not take part in a recent "Entrepreneur Contest," that took place, but I must admit I am skeptical about the prospects for the winner and the runner up.
The winner, as best as I can tell, has a business model that evauluates personal services from medical to financial and will "advise" those who go on the web site on how to find such people.
The runner up was into Feng Shui on line, as best as I can tell. For babies and their mothers. Selling stuff that is feng shui appropriate.
They are seeking money from "Angels" from this school of business alumni with what appear to me to be business that have little or no prospect of success. Niche consumer products, diificult to scale, content based, don't have a truly clear differentiable value proposition.
Since I did not see their presentations, I could have it all wrong. On the other hand, since I did not see their presentations, I could have it all right.
on Apr 2, 2010 at 5:22 pm
Walter_E_Wallis is a registered user.
Excellent candidates for Stimulus funding - right up there with Tesla.
on Apr 3, 2010 at 4:22 pm
Since you are not and have not been a VC or Angel, you may be judging these opportunities correctly, but maybe not.
I have been at several meetings in the past where very prominent and successful VCs from premier firms laugh when saying they passed up eBay and Google in early stages.
Did Facebook or Twitter look to you like they were going to be successes?
on Apr 4, 2010 at 9:36 pm
What's even more laughable is the status given to Angels and VC's. they are not, for the most part, adventurous investors. Also, their intuitions are overrated. As for the MBA, it's an overrated degree, with most of the advantage coming to those who attend the better known schools, where the alumni address book is actually more valuable than the course of study. There is very little offered in even the best MBA programs that can't be learned with some guidance, on one's own. Last,, MBA's are formulaic. Most MBA's I know (I've trained quite a few) are not terribly imaginative; they are bright, but that's about it. Give me someone - anyone - with drive, smarts, imagination, and an ability to work creatively and functionally with a team, any day.