Insight certainty 4/5 debate potential 3/5

Universities Exist for Pedagogy, Not Creating Billion-Dollar Startups

Jeff Bussgang · How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator · Jun 21, 2017 · at 20:06

Jeff Bussgang, Harvard Business School lecturer and Flybridge GP, explains to YC CEO Michael Seibel why university entrepreneurship programs have different goals than venture capital.

0:00 / 0:11exact quote · 11.8s
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“The purpose of the university. It's not to create billion dollar startups. It's to have a pedagogical experience for their students”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jeff Bussgang

Insight
MBAs Are Prone to Over-Researching Compared to Technical Founders
“I think it's just that MBAs, because of their nature, may be more likely to fall into the spinning too much research time mistake as compared to a tech founder who's going to be more likely to jump right in and build something.”
Jeff Bussgang Jun 21, 2017 ▶ 5:43 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Assertion Partly supported
Harvard Business School Launched Its First Student Coding Club in 2017
“This year, for the first time, HBS started a club called HBS Coders. There's been sales clubs, there's been marketing clubs, there's been fashion clubs for years and years and years, but there's never been a coders club until this year.”
Jeff Bussgang Jun 21, 2017 ▶ 9:30 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Assertion Not checkable as stated
Only 4 to 5 of 100 HBS Entrepreneurship MBAs Can Code
“In my class of a hundred students this year, and this is an entrepreneurship class for second year MBAs, the most, ah, ardent entrepreneur bound students take. Only, only four or five can write code out of a hundred.”
Jeff Bussgang Jun 21, 2017 ▶ 12:18 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Assertion Not checkable as stated
Many MBAs Return to Startups at Their Pre-MBA Job Level
“In fact, I have a lot of my students who come from startup land and go back into startup land at the same level that they left after two years of spending a hundred something thousand dollars on their MBA program.”
Jeff Bussgang Jun 21, 2017 ▶ 24:30 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Assertion Supported
Cloudflare, Rent the Runway, and Earnest Were Founded by HBS Alumni
“Whether it's a cloud flare or rent the runway. Or in earnest all three of whom were founded recently by Harvard Business School alums.”
Jeff Bussgang Jun 21, 2017 ▶ 5:10 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
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