A former lemonade stand entrepreneur turned Venture Capitalist
Recently, a colleague of mine received entrance to the most prestigious business school in the world – the Wharton School of Business (I’m biased, I went to Wharton). My colleague asked me if he should go. You’re probably thinking that I said,”of course!” Well, you’re wrong. I would never say anything that self-serving in order to support my cognitive dissonance towards going to business school. As any good Associate would do, my colleague began to analyze the Midas List. What’s the Midas List? The Midas List is the list of the Top 100 VCs in the United States. It’s the Who’s Who of VC. Any VC not on the list will tell you that the list is gamed. My colleague mapped each VC on the Midas List to his/her alma mater as well as those who chose not to attend business school. Here’s the list: http://bit.ly/hLimRU. It’s interesting to note that out of the 100 VCs on the list, 30 attended Stanford, 21 attended Harvard, 19 chose not to pursue an MBA and 7 attended Wharton. So, here’s the ultimate question, should you attend business school. My answer: It depends. It depends on what you want to accomplish and how you think business school will enable you to achieve your goals. I would not think too much about the loss of 2 years of wages as well as the cost of business school. Conceivably, you’re attending business school when your earning power is relatively low. So, cost aside, the real question is whether or not business school will help you attain your goal, whatever that may be. I know it’s not a direct answer, however, it really does depend on a person’s situation. Point blank, business school is NOT for everyone. There are plenty of paths to achieve what you want out of life. Getting a fancy degree from a fancy school is just one of many paths. Just in case you’re wondering, my colleague chose to go to Wharton.