A Sign of the Entrepreneurial Times. B-School Startups

According to Vital Signs – WSJ.com:

The number of students from Stanford University’s Graduate School of Business who have chosen to start their own businesses within four months of graduating has grown to 16% among the 385-member class of 2011—more than a fivefold increase since 1990, according to the university.

Only 3% of the 1990 class founded their own businesses shortly after graduating, says the school. …

That doesn’t surprise me. It’s convergence. The big companies are struggling. Big consulting isn’t as glamorous anymore. The Stanford GSB curriculum has embraced entrepreneurship. Big winners — Bill Gates, Mark Zuckerberg, Steve Jobs, Phil Knight — are household names. The Stanford business school hosts a parade of insightful entrepreneurs filling guest spots. Take a look at — for example — the Stanford eCorner or the Stanford Business School channel on YouTube. You’ll see what I mean.

Not that Stanford is special in this regard. Entrepreneurship has taken over business schools up and down the prestige ladder. Harvard, Wharton, Northwestern, same thing. I point out Stanford because those are the emails I get, and the groups I join. And I’m glad the GSB has changed and adapted since I was there, 30 years ago, and most of us wanted to be management consultants.


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