I still don't understand startup finance; would MBA help?

https://news.ycombinator.com/item?id=18076

by bizcurious • 19 years ago

2 3 19 years ago

news.ycombinator.com

danielha• 19 years ago

No. In fact, it'd probably hurt.

bizcurious• 19 years ago

I've been involved with a few startups that crashed and burned - I haven't made any money beyond my salary or hourly rate. I'm acquainted with a lot of Valley guys who are more loaded than me ($200-$500K per year) simply because they are buddied up with VCs and know how to work financial deals in their own favor.

These guys have MBAs. My question is, will getting an MBA help me out? I'm worried at the moment... it seems as an engineer, that my options are to sell my company for $12M or more, or else wallow around at a max of about $90K per year for the rest of my working life.

Since the average 2 bedroom condo goes for $800K out here, I'd like to hedge so that if my startup doesn't work out, I'd at least be able to draw a $200K salary somewhere. Is an MBA going to help me out in this regard?

woot• 19 years ago

The question is ,are you behind money or are you driven by passion? If you are behind cash, get a job. Else, go for your startup dream, and stop worrying about MBA.

Now that you asked this question,my suggestion is , get a job, do an MBA.If your life's script has startup chapter in it, you will do it on the way!

I still don't understand startup finance; would MBA help?

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