Angel Money vs. College

My friend Hiedi, who was our awesome intern this past summer, has a great post up about the decision to stick in school versus taking the money that she spent on tuition to start a company.While Heidi was at Socialtext, we regularly had the conversation of what is more valuable for her career, having a degree or starting a company?In my opinion when I’m hiring, I’ll take someone who started their own company over degree any day of the week.  I’m of the belief that real world experience outweighs classroom experience.  I believe that risk taking (starting a company) should be valued much more than the status quo.  Even if the business goes nowhere, what you learn getting it off the ground, selling, managing people, managing products, managing vendors, marketing and everything else that goes into running a company can’t be learned in school.I’ll be the first to admit that I didn’t go this route.  I absolutely regret it.  Of course, I’m also old and when I was in school my tuition was only about $5,000 a year and in 1991, $20 or $25K wouldn’t get much off the ground.  Now, Y Combinator is giving that out regularly and companies are hitting base hits with that much funding. Today, in a typical college, that probably gets you the first year or two of basic classes.  6-months of real business experience should greatly outweigh 6-months ofWhat do you think is more valuable for someone who is thinking about going to school or starting a company?

3 thoughts on “Angel Money vs. College

  1. HeidiZ says:

    I am with you on this Scott! Seems the response I got on my blog was that the experience is great but you won't be taken seriously in the business world without a degree. hmm….i wonder how we can get around that in the future.

  2. schnaars says:

    I saw that. I suspect that those people are in academia and would be put<br>off by this. In a world where everyone has a degree, what is the value of<br>it? What makes you, the degree holder, different to an interviewer?

  3. Domonyi says:

    Hi,<br><br>Your site is one of my favorites seen around blog explosion. Keep up the good work.<br>I enjoy reading your blog. It is great to find someone who can find the fun things in life!<br>I wish you all the best in all years. I look forward to developing a friendship and networking with you. Let me know if there is something I can do to assist you with your business free.<br><br>With Regards,<br>Karoly Domonyi<br><a href=""></a&gt;

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