Do B-Schools set up entrepreneurs to fail? Tech entrepreneur and consultant Sramana Mitra certainly thinks so. In a column in Forbes, she argues that the tendency of most business schools to focus on raising funds, especially VC funding, rather than the more fundamental aspects of launching a business is doing entrepreneur students a disservice. As she explains, “I have come to observe that most business school programs have an extensive emphasis on fundraising, especially from venture capitalists, and very little pragmatic understanding of what it really takes to get a venture off the ground. As a result, business schools launch students into the real world with completely unrealistic expectations, set up to fail.”
Her idea to fix it? Give students a crash course in bootstrapping.