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> Small businesses can be successful for the individual entrepreneur, but they are not investable. ^ ---- by VC's well that's a good way of explaining the VC'

> Small businesses can be successful for the individual entrepreneur, but they are not investable. ^ ---- by VC's well that's a good way of explaining the VC's perspective on what to invest in. whether that is a wise and sustainable strategy or good use of resources or not is a different matter. But in present company you will win that argument. Doesn't make it true though. On CPA's I wasn't implying that all you needed was an undergrad to get it you have to take the state exam at least. I was attempting to prove an mba is not required to make some sense of financial statements because it seemed that is what MisterBastahrd was implying.

wtvanhest 13y ago
Yeah, MisterBastahrd is wrong about an MBA helping that much with accounting anyway. An MBA is really an introduction to a lot of different business topics rather than helping an individual master them (bad name IDK?). In business/life etc. it is as important to know what you don't know, i.e. that you are shitty at accounting, or that investing is a very deep knowledge business etc. than almost anything else. An MBA really helps you learn what you don't know so you can study it later. Accounting is complex and to be really good at it, it takes years to master. Reading a balance sheet is straight forward until you realize that you don't know exactly how everything on there got there and you don't know how the statements link together, nor do you know what a healthy balance sheet looks like over a non-healthy balance sheet etc. Technologists on HN wildly misunderstand the world of finance and business just like we misunderstand the world of programming. I comment on business topics and read without commenting on technical topics. I can't imagine hiring someone without an MBA for a business position unless it was really basic or unless they had deep experience in the same field. An MBA can seriously jump start business knowledge. Getting one in your mid to late 20s is a huge help at that point in your life if you are interested in business.

wtvanhest 13y ago

Yeah, MisterBastahrd is wrong about an MBA helping that much with accounting anyway. An MBA is really an introduction to a lot of different business topics rather than helping an individual master them (bad name IDK?). In business/life etc. it is as important to know what you don't know, i.e. that you are shitty at accounting, or that investing is a very deep knowledge business etc. than almost anything else. An MBA really helps you learn what you don't know so you can study it later. Accounting is complex and to be really good at it, it takes years to master. Reading a balance sheet is straight forward until you realize that you don't know exactly how everything on there got there and you don't know how the statements link together, nor do you know what a healthy balance sheet looks like over a non-healthy balance sheet etc. Technologists on HN wildly misunderstand the world of finance and business just like we misunderstand the world of programming. I comment on business topics and read without commenting on technical topics. I can't imagine hiring someone without an MBA for a business position unless it was really basic or unless they had deep experience in the same field. An MBA can seriously jump start business knowledge. Getting one in your mid to late 20s is a huge help at that point in your life if you are interested in business.