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Startups better than MBA for learning skills to start your own company, entrepreneurs say

Economic Times

Economic Times · 2y ago

Startups better than MBA for learning skills to start your own company, entrepreneurs say

Entrepreneurs believe that joining early-stage startups offers more valuable skill learning and leadership development for launching one's venture compared to pursuing an MBA program. While acknowledging the managerial skills gained from MBAs, founders assert that entrepreneurship encompasses broader aspects like fundraising, vision-building, team recruitment, and problem-solving. They note that only a small fraction of MBA graduates actually become entrepreneurs, supporting the idea that startups can offer a more practical real-life education for aspiring business owners.

Related News

Think big and raise capital early: Fractal's Srikanth to entrepreneurs

Livemint

Livemint · 1y ago

Think big and raise capital early: Fractal's Srikanth to entrepreneurs

Fractal Analytics, an AI company, became a unicorn with a billion-dollar valuation in 2022, nearly two decades after its inception. Founder Srikanth Velamakanni advises entrepreneurs to seek capital early on to prolong their journey and give them multiple shots at success. He also emphasizes the importance of having a small stake in a large pie rather than a large stake in a small pie. Velamakanni shares his 24-year entrepreneurial journey and encourages aspiring entrepreneurs to start a business to solve a problem they believe needs fixing. He also discusses the significance of networking, the qualities necessary for entrepreneurship, the role of an MBA, and the potential of AI in enhancing entrepreneurship.

Is your college degree becoming obsolete with AI’s rise? Experts say there is a smarter way forward

Economic Times

Economic Times · 7m ago

Is your college degree becoming obsolete with AI’s rise? Experts say there is a smarter way forward

As artificial intelligence reshapes the job market, the value of formal degrees is diminishing, particularly in AI-driven sectors. Employers now prioritize current skills over past education, as noted in PwC’s 2025 AI Jobs Barometer. While AI demands continuous learning and adaptability, traditional education still offers critical thinking and collaboration skills. The future workforce must focus on perpetual learning and practical skills to stay competitive, as degrees alone are no longer sufficient to secure long-term career success.

DeepMind scientists consider founding AI startup, reportedly resign from Google

Money Control

Money Control · 1y ago

DeepMind scientists consider founding AI startup, reportedly resign from Google

Scientists Laurent Sifre and Karl Tuyls from Google's DeepMind are reportedly leaving the company to start an AI startup based in Paris. They have been in talks with potential investors for a funding round of over $220 million. Sifre, known for his work on AlphaGo, and Tuyls, an expert in game theory and reinforcement learning, have submitted their resignations. This follows a trend of Google employees forming their own AI startups.

Starting a company just to make money won't work: Zomato CEO Goyal

Inshorts · 1y ago

Starting a company just to make money won't work: Zomato CEO Goyal

Zomato CEO Deepinder Goyal said one should not start a company just to make lots of money. "I don't think that works because that leads to bad governance calls," he stated. Advising entrepreneurs, he said, "You should be...passionate about something, you should be willing to risk your life for it, only then you can build a company of your dreams."

Massive dry powder set to boost entrepreneurship, say VCs and startup founders

VCCircle

VCCircle · 2y ago

Massive dry powder set to boost entrepreneurship, say VCs and startup founders

Venture capital and private equity funds have secured billions of dollars in commitments, boosting the Indian startup ecosystem despite the current funding winter. This massive dry powder is expected to encourage more aspiring entrepreneurs to take the leap and create better companies. The total LP commitment to various funds focused on India has exceeded $100 billion this year, signaling strong investor interest. Factors such as India's economic growth, digitalization, and the availability of information have contributed to the growth of startups in recent years.

NumberOne Academy raises pre-seed funding round

Entrackr

Entrackr · 1y ago

NumberOne Academy raises pre-seed funding round

NumberOne Academy, an enablement platform focused on empowering SME entrepreneurs, has raised an investment of Rs 3 crore in a pre-seed funding round led by T.I.G.E.R Santosh Nair. The company had previously raised Rs 1 crore in the same round back in Dec. 2023. The proceeds will be used to expand its suite of business courses in Hindi and other regional languages and further enhance NOA into a Virtual Business Coach, NumberOne Academy said in a press release. Co-founded in 2022 by Lajesh Kolath and Madhu Bhaskaran, NumberOne Academy is a platform for empowering Small and Medium-sized Enterprises (SMEs) with technology and business skills. The company offers a comprehensive learning platform featuring over 60 curated courses from more than 25 business coaches, covering growth strategies, sales, marketing, branding, finance, HR, operations, and technology. This AI-driven platform is complemented by in-person workshops and community events, creating a hybrid learning model that caters to diverse learning preferences.

Bengaluru is better than Mumbai, Delhi for startups: Unacademy CEO Gaurav Munjal

Inshorts · 1y ago

Bengaluru is better than Mumbai, Delhi for startups: Unacademy CEO Gaurav Munjal

Unacademy CEO Gaurav Munjal has asked entrepreneurs to choose Bengaluru over Mumbai and Delhi to establish their startups. "Bengaluru is a slower city than Mumbai but the odds of your success increase a lot," Munjal said. "If I have to spend a weekend, I will choose Mumbai, but if you're starting up, Bengaluru," he added.

Reality Check: Edelweiss' Radhika Gupta Points Out Harsh Truth Behind Start-Up Glamour

OutlookIndia

OutlookIndia · 1y ago

Reality Check: Edelweiss' Radhika Gupta Points Out Harsh Truth Behind Start-Up Glamour

Radhika Gupta, CEO of Edelweiss Mutual Funds, has warned aspiring entrepreneurs about the glamorization of the start-up ecosystem. She emphasized that the reality of building a start-up involves challenges such as limited budgets, constant rejection, and pressure for revenue. Gupta urged entrepreneurs to approach the start-up world with a realistic perspective rather than falling for the romanticized version often portrayed. This highlights the need for a deeper understanding of the difficulties and sacrifices involved in entrepreneurship.

Delhi is 1,000% better to start business than Bengaluru: Deshpande

Inshorts · 1y ago

Delhi is 1,000% better to start business than Bengaluru: Deshpande

Bombay Shaving Company CEO Shantanu Deshpande said Delhi is "1,000% better" to start a business than Bengaluru. "Delhi is the best city to start a business today. I think Delhi has a 'less froth, more substance' mindset," he said while speaking to YouTuber Ishan Sharma. "Bengaluru and Pune are more service oriented," he added.

Announcing the 2nd cohort of FounderX – Kickstart your founder journey in 2024!

Inc42 · 2y ago

Announcing the 2nd cohort of FounderX – Kickstart your founder journey in 2024!

FounderX, a fellowship program by Inc42, is accepting applications for its second cohort starting in February 2024. The program aims to equip aspiring entrepreneurs with the skills, mindset, and network to succeed in building their own startups. Participants will learn a structured approach to startup creation and receive guidance from top founders and investors in India. The program focuses on helping founders navigate the initial stages of entrepreneurship and avoid common mistakes made by first-time founders. Interested individuals can apply to join the fellowship and take the leap into entrepreneurship.

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