Should we apply the golden rule: want to graduate? First, create a company?

Want to Graduate? First, Create a Company

Dear Ecademists,

I like Ecademy because it is a successful social business network that connects successful business people and I dislike the talent myth that leads us to the Wall Street Smarts!

I like shared attention, the golden rule, the ethics of reciprocity and the 12 laws of karma and think that whoever wants to graduate should first create a company!

Hannah Seligson, a contributor to the New York Times wrote an interesting article about the Founder Institute, a global training program for technology entrepreneurs.

The Founder Institute is an early-stage startup accelerator and global launch network that helps entrepreneurs create meaningful and enduring technology companies.


Through a four month program, you can launch your dream company with expert training, feedback, and support from experienced startup CEOs - while not being required to quit your day job.

CAN you build a technology entrepreneur from scratch in four months flat?

Yes, contends a global training program called the Founder Institute, which was started in 2009. For tuition of less than $1,000, students attend classes with one goal in mind: to create a fully operational company. In fact, they are required to incorporate before they can graduate.

To be accepted, students don't need to have a fully baked idea, but they must take a test that the institute says can predict their entrepreneurial success. They can keep their day jobs while attending class, but that does not mean the program is easy. The workload is grueling, and 60 percent of the students fail to graduate.

But this for-profit institute, based in Mountain View, Calif., says it has helped start more than 500 companies. It has done so by going global, with chapters in 14 countries, in a total of 27 cities. It aims to make money partly through its equity stakes in the companies created by its graduates.

I really like the idea of shared attention in the graduation process that requires students to first gain practical business experience before they can graduate!

What do you think?

Should students who want to graduate first have to create a company?

Have a great and happy weekend!

Best,

- Lucas
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Stan Wright

stanwright-427001

Should we apply the golden rule: want to graduate? First, create

Hi Lucas It may be so in Switzerland, but in the UK all trainee doctors start life in the NHS; i.e. graduate in the NHS, before moving on to clinics hospitals etc. No matter; clearly nobody is going to set-up their own business as a doctor until they have at least specialised in a certain discipline. My point was that there are clearly graduate courses that would never fit this model in the memory of man. Take care Stan

1 comments

Stan Wright

stanwright-427001

Should we apply the golden rule: want to graduate? First, create

Hi Lucas I'm not sure I have the were with all to bankroll a hospital for my youngest son Scott who is just starting is fourth year of a six year medical doctor course; it's all I can do to pay the costs as they are. So starting his own hospital before he can graduate is off the cards I'm afraid. Stan

1 comments

Fred Rutgers

fredrutgers-186363

Should we apply the golden rule: want to graduate? First, create

Hi Lucas, Sone people are just not born to be entrepreneurs. We should not force them to be! Being an entrepreneur requires a lot of special characteristics. Some you can learn, some you just have to have in your vains! So lt's encourage people who are afraid by helping them! But please let us not force them to, it would make them unhappy! Let's get things moving! Fred Rutgers

0 comments

Lucas Wyrsch

lucas_wyrsch

Should we apply the golden rule: want to graduate? First, create

Dear Robert, That's exactly what I thought! Have a great and happy day! Best Lucas

1 comments

Robert Craven

robert-craven-22343

Should we apply the golden rule: want to graduate? First, create

LW This is brilliant for the select few who are really 'up for it'. Thanks for highlighting it. RC

0 comments