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To: Sea Otter who wrote (172237)	12/18/2008 9:03:55 AM
From: XoFruitCake	Read Replies (2) \| Respond to of 306849

"To expand on the point, I was thinking about startups and wealth-creation. I don't know a single HBS grad who has succeeded in a valley startup, although I do know several failures. " CNBC has a special on HBS last night and they probably will re-run the show. I watched it with my girl. They raised the same question about start up and success as investor. One of the professor answered it in a very neat way.. Essentially his point is that there is a science of managing, staffing and finance a large organization and Harvard is teaching that. And throughout the program they showed what student learn and what they do in class and small groups. It become very clear that Harvard MBA program is builded for decision making. Startup success depend on a lot of factors. Decision making with limited information and time (which start up has to do a lot of time) does not really play to Harvard MBA strength (they try to do informed decision). And most of them (45% or so?) find jobs in WS and another 25% or so find jobs in consulting. Both of them are very well paid career. They only graduate about 900 students a year anyway. And the well paid WS and consulting jobs already took more than 70% of the class. So the number of student actually try start up is very small and doing a start up in SV is even smaller...