If MBAs are useless, we’re all in big trouble

Major_Grooves wrote: post #4

I wrote a related post a while ago to answer to anyone who says MBAs can't start companies: http://wannabevc.wordpress.com/2011/10/15/mba-startups/

It really felt like you were scraping the bottom of the barrel to list companies founded by MBA's. It only illustrates the point that MBA's don't do startups.

The only one founded in this decade is zynga, which is widely considered to be poorly managed.

I'll give you sun though, and even electronic arts.. founded by trip hawkins. Although EA only hit it's hay days well after trip left the company, and he was responsible for some really spectacular fuck ups afterwards (see: 3do).

Re: If MBAs are useless, we’re all in big trouble

#6

Post by reledi » Mon, Apr 29, 2013, 9:25 AM UTC

Says the guy with an MBA.

Re: If MBAs are useless, we’re all in big trouble

#7

Post by Major_Grooves » Mon, Apr 29, 2013, 9:40 AM UTC

AdrianRossouw wrote: post #5

Major_Grooves wrote: post #4

I wrote a related post a while ago to answer to anyone who says MBAs can't start companies: http://wannabevc.wordpress.com/2011/10/15/mba-startups/

It really felt like you were scraping the bottom of the barrel to list companies founded by MBA's. It only illustrates the point that MBA's don't do startups. The only one founded in this decade is zynga, which is widely considered to be poorly managed. I'll give you sun though, and even electronic arts.. founded by trip hawkins. Although EA only hit it's hay days well after trip left the company, and he was responsi…

Given I've listed a bunch of companies started by MBAs, the statement 'It only illustrates the point that MBA's don't do startups.' is clearly incorrect and a lazy thing to say.

I just listed high profile ones. Does Kiva not count as recent? I know loads of fledgling companies started by other MBAs. Here's one for starters: http://www.tradechase.com

Re: If MBAs are useless, we’re all in big trouble

#8

Post by davidw » Mon, Apr 29, 2013, 9:40 AM UTC

AdrianRossouw wrote: post #5

Major_Grooves wrote: post #4

I wrote a related post a while ago to answer to anyone who says MBAs can't start companies: http://wannabevc.wordpress.com/2011/10/15/mba-startups/

It really felt like you were scraping the bottom of the barrel to list companies founded by MBA's. It only illustrates the point that MBA's don't do startups. The only one founded in this decade is zynga, which is widely considered to be poorly managed. I'll give you sun though, and even electronic arts.. founded by trip hawkins. Although EA only hit it's hay days well after trip left the company, and he was responsi…

I would surmise that MBA's are more or less capable of doing startups, but don't have the incentives: with a huge debt load, they're better off with something that's guaranteed to pay a lot, like, say, a job in finance.

Re: If MBAs are useless, we’re all in big trouble

#9

Post by Skibb » Mon, Apr 29, 2013, 9:54 AM UTC

ugh you beat me to it!

Truth is MBAs are inflated hullaballoo whose exorbitant price for offering semi useful drivel may have worked in the time of all-is-fine-and-dandy but in today's unstable economic world where lean is mean (in good sense) it's just anachronistic.

Re: If MBAs are useless, we’re all in big trouble

#10

Post by Skibb » Mon, Apr 29, 2013, 9:56 AM UTC

reledi wrote: post #6

Says the guy with an MBA.

Exactly, maybe they should've taught him to give good arguments for his opinions or something such. His article can be broke down to: "MBAs need to change bc they are already worthless! How? Don't ask me, I just feel stupid for paying 100k bucks for nothing"