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Hi Sam, I'm the technical co-founder of http://postabon.com http://postabon.com (the crazy guy who wrote the entire thing in Lisp ;-)). Based on my experience
by smanek 17y ago
Hi Sam,
I'm the technical co-founder of http://postabon.com http://postabon.com (the crazy guy who wrote the entire thing in Lisp ;-)).
Based on my experience over the last 6 months, I think most MBAs start out thinking that they'll be fine at doing a startup with no domain expertise, and can just 'throw money' at that problem. This is true whether the domain is manufacturing, fashion, tech, etc. However, after they've been at it for N months and have nothing done, the smart ones realize the error of their ways ;-)
Business savvy (just like technical skill) is a necessary (but not sufficient) requirement for being a successful entrepreneur. Having co-founders with disparate skill sets helps you cover all your bases.
I think just as many engineers think they can build something cool (with no thought to marketing, capital, strategy, etc), and build a start-up.
- wisty 17y agoIf you go to any engineer-focus start-up discussion site (JOS, RiR, Erik Sink, HN, PG, bothsidesofthetable .. you name it) that's exactly what they don't hear. If anything, engineers are under-confidant about business things. They seem to think that selling stuff takes at least a 3 year degree (or equivalent experience) just like writing a program.