Stanford’s Business School Tells M.B.A.s to Wait on Startups
Stanford University encourages its students to think big and hatch ideas for new companies. But those who plan to start their own ventures are hearing a new message from the school: Wait. Worried that student founders have become so absorbed in their fledgling companies that they are missing out on course work and campus life, Stanford’s Graduate School of Business is asking M.B.A. students to curb their startup ambitions until graduation and focus on getting their degrees. That is proving to be a tall order in a program frequently visited by venture capitalists who work on nearby Sand Hill Road in Menlo Park, Calif. In recent years nearly all Stanford M.B.A.s took entrepreneurship courses and 16% of this year’s M.B.A. class founded a new company. “We’re not the graduate school of entrepreneurship,” said Garth Saloner, the school’s departing dean. He advises students intent on starting companies to apply for a business incubator, not business school.
・ From The Wall Street Journal