A lot of discussion in the media recently has focused on whether or not entrepreneurs should spend valuable time and money pursuing an MBA degree versus gaining experience on the front lines of a startup. Some commentators such as Vivek Wadhwa even insist that an MBA subtracts from a candidate’s value. Read More »
There is a lot of buzz lately about entrepreneurship hotspots across the country. We hear about successful startups in many places, from Austin, Tex., to Reston, Va. What does this mean for entrepreneurs? If you’re launching a startup, does it really matter where you locate?
Yes, it does matter. If you’re starting out, it’s by far best to be in either Silicon Valley or the Boston area. They remain the hottest centers of entrepreneurship and venture capital, so you’ll be in an inherently supportive ecosystem where entrepreneurship is as natural as drinking water. Read More »
Are entrepreneurs wired differently than managers? Are they better equipped to make decisions about risk and innovation?
I recently participated in an interdisciplinary collaboration between neuroscientists and management faculty in which we tackled these questions and found that entrepreneurs actually do use their brains in a different and more complete way when it comes to certain types of decisions. This was the first attempt to apply techniques from neuroscience to understand the differences in the ways actual managers and entrepreneurs use their brains to make decisions. Read More »
When we teach our introductory entrepreneurship class at MIT, we take it for granted that each of our 75 students will be able to start an American company upon graduating.
But many of them lack one thing they need to be able to do so—permission from the United States government to continue working in our country.
In this academic year, three in 10 MIT students, including four in 10 graduate students, are not U.S. citizens or permanent residents. So for them our entrepreneurship class is likely to remain just an academic exercise. Their student visas expire when they graduate, leaving them with two options, to leave the country or find an existing company to sponsor them for a chance at an H-1B visa.
In the world’s poorest regions, there is no single path to development. Government agencies, non-governmental organizations, and private enterprises all have roles to play. Bureh engages with Sierra Leone’s private sector to promote, at a grass roots level, private enterprise and the entrepreneurs who will make this happen, all while being a socially responsible, for-profit company itself. Read More »