Should we teach undergrads to seek investment? No. Almost never. It is irresponsible and it may be unethical. The failure rates for startups in the first year are well over 50%. Less than 10% of all startups go on to raise any money. Less than 1% of all the U.S. startups ever receive investment from […]
Category Archives: entrepreneurship education
Startups are not the same as a small business
A startup is, by my definition, something new – something the world has not seen before. Startups almost include science or technology, and some innovation. It’s risky because the business model is unknown. The founders (the people who create a startup) are looking for a business model that will work. Founders are not the same […]
Is entrepreneurship an art or a science?
Is entrepreneurship an art or a science? Entrepreneurship has been called an art. If that’s true, any person who wishes to be an entrepreneur can study with a master, practice for 10,000 hours, and create a masterpiece. With Steve Blank’s injection of the scientific method into the teaching of entrepreneurship (called evidence-based entrepreneurship or lean […]