The Startup Illusion


TechCrunch

[tc_contributor_byline slug=”Noah-Benesch”]

In 2005, Steve Jobs delivered his now-famous Stanford Commencement Speech, wherein he explained that attempting to attend a four-year university had been a poor choice. The school was astronomically expensive and “[he] had no idea what [he] wanted to do with [his] life and no idea how college was going to help [him] figure it out.”

Jobs’ statement seems to resonate with today’s youth; more and more students are dropping out in search of startup stardom. In fact, in January 2014, the National Center for Analysis of Longitudinal Data in Education Research (CALDER) reported that more than 40 percent of full-time college students fail to earn a bachelor’s degree within six years. Granted, not all drop-outs leave their university in the pursuit of entrepreneurship. However, I know first-hand that many do.

I am an entrepreneur. I founded my own startup and we are currently developing a mobile application that…

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