What's the Latest Development?
A new breed of technology-friendly startup incubators has begun peppering the country and for entrepreneurs, they may be a better bet than a three-year business college. Perhaps the best-known incubator is the Y Combinator. Since being founded in 2005, and grooming the hugely successful Dropbox, about 100 other incubators have opened up. "These startup hubs offer expert mentorship, resources like office space and legal counsel, and even seed money—typically in exchange for a small amount of equity in tiny (or theoretical) companies."
What's the Big Idea?
But what specific advantages do startup incubators have over business schools? In one sense, entrepreneurship cannot be taught—you will never be completely ready to launch a company so the best way to learn is to do. And in business school, learning something that is difficult to teach is also expensive. So rather than start a business with $100,000 of debt hanging over you, why not try for some seed money on offer at an incubator. This year, the Y Combinator will furnish $150,000 to every accepted entry. For more advantages, follow the link.
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