4 ms·

That is a really strange theory. It is also demonstrably false. Many of the founders of the top unicorns have MBAs (Grab, StitchFix, CloudFlare, etc) [1] Also,

• mdorazio 8y ago
  Not sure how it's incompatible with your stats. If the degree is useless then you would expect MBA holders to have no advantage over non-MBA holders in founding companies. Not that MBA holders wouldn't sometimes be successful. You're missing a data point showing that MBA holders are more likely to succeed at founding startups, which I have yet to see anywhere. Realistically, an MBA can be helpful to a startup founder if that founder lacks basic business acumen from prior education or experience (basic accounting, financial planning, marketing, etc.). It can also be a hindrance because MBA coursework tends to trivialize many of the core skills needed to be successful at starting a company in favor of the higher-level thinking and planning needed for large corporations (you won't learn how to make your first sale, for example, or how to hire your first employee, setup a billing system, etc.).
• bsder 8y ago
  And quite a few of the CEOs who have presided over some of the biggest business disasters have MBAs.