In today’s episode, Steli and Hiten talk about the value of going to an elite college as a prerequisite to becoming an entrepreneur. Tune in as Steli and Hiten weigh the pros and cons of going to an elite college, discuss their own personal experiences with school, and outline the kind of founders who may benefit from schooling, and those who may not. Steli and Hiten also stress the importance of taking action and applying what you’ve learned when it comes to becoming a successful founder and entrepreneur.
Time Stamped Show Notes:
00:05 – Today’s episode is about going to an elite college
00:32 – Steli says he received an email from someone who felt conflicted about whether or not he should go to an elite college to succeed as an entrepreneur
01:36 – Steli is also conflicted answering this question because he is biased—he does not have a high school degree
02:27 – Hiten shares how he went to college because his dad said that a degree was a good fallback, but it didn’t excite him
03:35 – Hiten loved his experience in college
04:05 – Steli says he does not think there is one answer for everybody
04:33 – Personally, school was challenging for Steli
05:38 – Steli does not regret not going to school; he thinks education and learning is different from schooling
06:10 – There are entrepreneurs who have gone to college and those that have not
07:21 – Hiten says the top tier colleges have some of the best networks
07:36 – The colleges are expensive, but you can take as much value from it if you choose to attend
08:12 – Hiten shares a story of a friend who said she learns really well in a school environment and should just get her MBA, but Hiten challenged her by saying “How about applying [what you’ve learned]?”
09:20 – There is value in everything but personally, Hiten says experience is more important than the lessons taught in class
10:30 – Steli wrote a recent blog post about going through YC which was similar to the mindset that people have in college
11:49 – There is a difference between the passive founders and those who are taking everything they can from the experience
12:20 – What you learn in college depends on what you get out of it
12:39 – Steli agrees with Hiten that there is value in colleges providing access to potential networks
13:11 – If you want to be a founder, I don’t think it is required to go to college
13:37 – In Episode 23, Steli and Hiten talk about heroes being human
13:54 – An alumni network is very advantageous to have as you can help each other
14:45 – The best founders learn by doing
15:37 – The easiest way to learn by doing is to not go to college and just start a business
15:52 – Entrepreneurship is an applied science and art
16:43 – There are a lot of imperfections in running a business that cannot be replicated in school
17:13 – Subscribe to the email list to get access to cool stuff
17:32 – End of today’s episode
3 Key Points:
There is no straight answer about whether or not you should go to an elite school, because it depends on the person.
One key value of attending an elite college is joining their alumni network and other networking opportunities.
Entrepreneurship is an applied science and art that is best learned by just doing it.
Steli: Hey everyone, this is Steli Efti.
Hiten: And this is Hiten Shah.
Steli: And in today's episode of The Startup Chat, we're gonna explore this question really briefly of should you go to an elite college if you want to be an entrepreneur or not. Is college or university, is that worth it or not? So here's the context, Hiten. I got an email yesterday from a kid who basically- What he was asking me for was he said that he's a fan of the podcast,
Key points in this episode
In this episode
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