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So I'm guessing their thinking is something along the following lines: 1) Stanford student has idea. 2) We help Stanford student bring idea to market. 3) Sta
by tansey 16y ago
So I'm guessing their thinking is something along the following lines:
1) Stanford student has idea.
2) We help Stanford student bring idea to market.
3) Stanford student get mega-rich.
4) Stanford student pays for new wing/department/scholarship/professorship.
Is that basically the idea here? I know it's founded by undergrads and the business school has disowned it, but there has to be some reason they would do this, right?
- johnswamps 16y agoTheir site says "This is an educational initiative and not a profit-making venture." Sounds like a great way to get some experience in startups. They get to meet with a lot of well-connected VCs and put them in touch with some smart Stanford students. Not bad for some kids who haven't graduated from college.
- tansey 16y agoI see... so the incentive is that they will have a resume booster. Makes sense I suppose, but where are they getting the stipends with which to pay the founders?
- slapshot 16y agoIt sounds like the group is not part of the official Stanford bureaucracy -- as shown by the fact that the B-school allegedly banned students from joining (that's unclear to me, other than as evidence that it's not official).
- tomkinstinch 16y agoMaybe they are hoping for IP rights.