Y Combinator Startup Podcast

#12 - How Should Business Schools Prepare Students for Startups? - Jeff Bussgang and Michael Seibel

9 snips
Jun 21, 2017
Jeff Bussgang, a Harvard lecturer and General Partner at Flybridge Capital, teams up with Michael Seibel, CEO of YC, to delve into how business schools can better equip students for entrepreneurship. They discuss the need for practical startup skills over classroom theory, highlighting the pitfalls of over-researching instead of building MVPs. Michael shares red flags that deter VCs from investing in MBA founders, while Jeff advocates for integrating technical and business training. Together, they explore whether aspiring entrepreneurs should prioritize business school or hands-on startup experience.
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INSIGHT

MBAs Often Miss Core Startup Rules

  • Michael Seibel observed many MBA applicants miss core startup rules despite business school training.
  • He argues schools should teach simple, practical startup tenants that predict YC acceptance.
INSIGHT

Research Traps Delay MVPs

  • Jeff Bussgang notes MBAs can over-research instead of shipping an MVP.
  • He contrasts this with technical founders who more readily build prototypes and iterate.
ADVICE

Prioritize Technical Cofounders And Traction

  • Do recruit or partner with technical co-founders rather than outsourcing core engineering.
  • Do show commitment and real traction by working on a live product over time.
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