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With role models like Mark Zuckerberg and Steve Jobs to you today's aspiring entrepreneurs even need college degrees.
Serial entrepreneur Steve blank who is hot entrepreneurship at Stanford Columbia and -- Is here with me today to discuss the value of a college degree in today's start up -- So many college students today look up to entrepreneurs like Mark Zuckerberg.
And you have seen -- investors like Peter -- encouraging college students to basically drop out.
And pursue their entrepreneurial dreams.
Do you think that there is still value in a college education.
Of course there's value in a college education.
You you know even if you're the smartest entrepreneurs -- if burger company actually make some money you might want to know what an income statement donkey and cash flow is and yes you might be Smart enough to go figure it out yourself.
But it would have been great to go to school an -- get a lecture on some basic accounting or you might have wanted to know to macroeconomic -- There's a lots of things and -- a college education to provide you.
But one of the things we've been mistaken -- want to nerves are not who colleges.
We've been treating entrepreneurship like that that job and therefore there -- set of skills.
Entrepreneurs that its founders not bureau employees but founders are closer -- -- targets than anybody else and if you think about it.
-- see things that other people don't they're driven by passion and have driven by vision.
And they're driven by the and with the innate desire to take something inside of them and make it real.
That's a very different job than I've -- accounting or engineering or marketing.
I just anchor curriculums.
Are confused we teach them like it's a job.
We should actually be teaching them like they are artists and how we teach artist is yes we teach theory.
But there's that kind of hands on practice.
But today's most schools are kind of almost embarrassed to give entrepreneurs time deftly practiced -- -- Inside of inside of colleges and universities.
I think that's gonna change but that's what the they're conflict is -- oh I can't -- thing about entrepreneurship and school because the curriculums just haven't caught up want to nurture we are.
So what would be your ideal curriculum is beginning every skewed and 1000 dollars and saying test an idea -- build -- business.
That's another great great point and it turns out let me change the question -- a -- is can you teach entrepreneurship is -- implicit question.
At and I struggled that -- per decade because I spent twenty years is not partner in the now the last thirteen as an educator.
And I think I understand now being answered it answers the questions -- couldn't have -- -- question is it isn't whether you could teach entrepreneurship of course you can't the question is who can you teach entrepreneurship who.
And that's a different question in different answer.
I'll just make it simple you can only teach entrepreneurship.
That those who volunteered raised her hand.
You can't draft entrepreneurs you can't split the classroom and half and say you on the left you're -- into account to.
And you in the right you're gonna do startups just hasn't worked that way and again a -- -- uses artists you can't assign.
You you're going to be composer sculptor over here in the corner and you were -- you're you're -- -- be.
Musician it doesn't work about weight when you think about -- you think about something that is inside you that wants to come out.
Yet now to answer your question which -- that -- -- well is that.
We do teach art appreciation everybody because in our culture we think it's valuable that everybody knows something about our.
We can make a case that says everybody ought to know about how to start a business and in fact some those art appreciation classes spark an interest.
In people with a link in an interest in art and they might become artists still thinking.
Artist metaphors really interesting one of the most well known stories about Steve Jobs says that he was inspired by the -- the grass but he took it read.
Do you think that that broad based liberal arts background can really contribute something to the next generation entrepreneur it's.
In the answers yes I do.
But not only liberal arts.
I think entrepreneurs come from anywhere they come from engineers to come from marketeers -- for businesspeople they come from housewives.
I think they come and again I want to differentiate.
Involved startups -- were entrepreneurs.
With founders and again -- the founders who see and hear things that other people don't.
Those voices come from anybody and to give them an an and an environment to do so.
Colleges and universities.
Need to think about -- their curriculum should fit.
And the other thing I should mention is.
The United States is probably the best country in the world to be an entrepreneur and founder.
There is no better place -- in the world to do.
Why not -- -- looking at China and the way that the economy has been around -- in the argument -- that other countries.
Are inundating perhaps aspect and I think he says the magic word are they innovating or very -- If you go to Beijing you find an incredibly vibrant.
Version of Silicon Valley probably as good as anything in Silicon Valley in New York I would -- Beijing right up there.
But what they're doing is copying adapting and -- Existing business models from the United States since they've blocked FaceBook and Yahoo! and Dropbox -- after their businesses are essentially.
Taking all those US business models of the -- adapting them for the Chinese market.
But entrepreneurship -- hurt -- dissidents.
And it's a big idea.
That you Hamas the Steve Jobs they -- they were the ones who spoke truth to power and just basically said you're wrong.
-- you do that to a state owned enterprise owned by the cousin of somebody important in Communist Party.
You know you might disappear if not you're serving some jail time.
Tried that and Russia you know you have some new partners one week -- you can even though you have.
Seven freedom of speech our basic liberties -- really allow for that culture of innovation if it allows you to be ignored first.
You know to be jeered at second.
They're taking your public Max.
If that happens nowhere else our ability them innovate and innovate and hit it in.
In spite of people saying you're wrong.
And in spite of corporate pressures that says what we already on this market that's what makes this country unique for entrepreneurship.
Doesn't mean they can't do start ups in China Russia of course they -- and doesn't mean they're not smarter than us they're equally Smart.
But it does mean this ability -- think that this sent.
Is an inner -- part of operating -- and innovation and we won't see that in those countries.
Until their political system groups hours.
-- -- -- six skills that entrepreneurs.
Say are helpful to them.
Programming comes up time and time again and even for those that aren't putting on a day to day basis do you think computer science is and must have -- for -- aspiring entrepreneur.
I won't -- to different to the word computer science from programming.
I believe that.
We're -- -- of your role in management in the 21 century.
Unless you've taken a programming class not.
Not having to become a computer scientist but unless you've taken a -- -- class.
You were going to be at a major disadvantage.
In management for the rest of your career.
Why because they'd just be like.
Working General Motors and management and have never spent the summer on an assembly line.
You know understand the core.
Elements of how your product is built and delivered -- you just can't really have a finger to feel of your business.
Almost every business in the 21 century -- perhaps some technology component that's driven by software.
And I just come from a school of thought that says.
Unless you as a manager -- -- Worked in in that essential parts whether it's manufacture -- line in this case software is the manufacturing line of the 21 century.
And so management needs to get their hands dirty in that area.
And as a good example my daughter's just finishing her senior year the only class I insisted she take in -- entire college career was -- programming class.
Which already is an intern she -- made it's made her job much much easier to understand.
And what is it about the way that it keeps your mind and -- it it.
Not -- -- -- behind it actually helps you understand.
What the people doing something which seems magical and esoteric.
All we can't do that.
-- it's gonna take these six months or there -- no I don't wanna take two months but it actually you know it's gonna take two years because you've done that before yourself.
As I said I wanted the assembly line metaphors probably the best example is.
It's it's almost impossible to forecast cars or think about selling cars or think about me you know through forecasting supply chain.
Unless you've been sitting on the factory floor and you've understood what it takes to turn sheet metal into a finished product.
Think if -- for joining him at thank you for having for Fox Business fat content and every out.
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