Photo by Jorge Fernández Salas on Unsplash

On entrepreneurial education.

How do we teach young people the skills required to become successful entrepreneurs?

The first ever MBA cohort graduated from Harvard in 1910.

“A corporation is an organization designed to execute a business model. A startup is an organization designed to find a business model.” — Steve Blank

So how is being an entrepreneur different from being a corporate manager? Part of the answer to that may lie in professor Howard Stevenson’s definition of entrepreneurship. He says “Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled”. This suggests that entrepreneurs are people who can see opportunity and then go on an expedition to find and obtain the resources they’ll need (capital, people, infrastructure, customers, strategy) in order to pursue that opportunity.

  1. In fact, after Jim Breyer made the investment in Facebook he helped Mark to recruit Sheryl Sandberg, a Harvard MBA who previously had built the advertising side of Google. By all accounts, it was the combination of the two of them that provided the magic that propelled the company into a billion dollar success.

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Bret Waters

Silicon Valley guy. I teach entrepreneurship at Stanford, run the 4thly Startup Accelerator, and coach startup CEO’s at Miller Center. Also, I love fish tacos.