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March 23, 2012 01:20 am GMT

Are You Building A Company, Or Just Your Credentials?

diploma wallY Combinator recently announced that for the next batch, the incubator will accept applications from groups and individuals without an idea. That same night, I received a breathless call from a friend currently finishing up his MBA at an elite east coast business school, asking me for help putting together his Without Idea Y Combinator application.This friend is smart, dynamic, and an all-around great person. But hes not someone I consider to be entrepreneurial. He was a management consultant at a big firm for years before business school, and loved it. Hes the first to admit that his interest in startups conveniently coincided with the premier of The Social Network a few years back. So on the call, I asked him, why jump into entrepreneurship now. You are someone who likes to be on a stable path. Why do you suddenly want to start a startup?His answer: Even if the startup ends up going nowhere, graduating from Y Combinator would be such a great credential.

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