My issue with the formal academic training is that it teaches you to be an academic, not a practitioner. I feel that if you want to learn how to start a company, then start a company. If you want to become an academic, go to school. Now, I'm probably a rare case because I grew up in management consulting and have been an entrepreneur since I was 8 years old so I feel that it's not the education that's important, it's what you do with it that is.
To that end, I love seeing folks in this HN startup "tribe" have an idea that others may think is silly, pour their blood, sweat, and tears into and maybe it works out. Or maybe it doesn't.
I've always said, "we'll either all end up in a mansion or a cardboard box, but we'll have a blast along the way". That pretty much sums up what it means to be an entrepreneur to me. Meet like minded people trying to make the world a better place, and maybe make a little cash along the way.
So kudos to all of us kids playing around in the sandbox trying to create a bit of the future, today.