5 ms·
One of the more interesting (to me) effects of the dot com crash was the evaporation of all the hot shot MBAs looking to find a technical co-founder who could m
by ChuckMcM 7y ago
One of the more interesting (to me) effects of the dot com crash was the evaporation of all the hot shot MBAs looking to find a technical co-founder who could make their lead-into-gold business plan work. Perhaps the dying of the unicorns has taken the shine off "making it big in Silicon Valley" once again. That and the softening housing market might almost make you think we were headed into the next 'down' cycle.
I also learned from that experience that understanding value chains, organizational dynamics, and market positioning were in fact a very real and solid component of company success. There are good MBAs and there are bad ones, just like there are good and bad engineers, or chefs or lawyers.
If the drop in applications mean that it isn't considered the next "get rich quick" exit then I think that is a good thing.