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