Are MBAs Still Hungry For Startups?

By February 21, 2017Lifestyle

Thanks to the food delivery carriers which used to transport the quality food to busy entrepreneurs of the 21st century. The demanding freaks, which are busy in making money, are much reliable on such food delivery startups for enjoying the daily meal. After all, if they get busy with cooking at their home, who will work on late night office shifts!

It’s a collection of pre-MBA experience holders which inspired the entire coming generation. Three of the five prominent MBA startups of 2017 avails a delicate platform of food delivery. The three shining startups are Deliveroo, DoorDash, and Grofers. These firms have collectively ventured more than $826 million funding.

William Shu, an MBA from Wharton has cofounded the Deliveroo in London, which was also registered as the winner of 2016. According to a report, the company secured $275 million through E-funding. This amount counts more than any MBA startup of last year also this comes close to half a billion dollars in VC-backed funding. At first, Shu thought of initiating a food delivery startup in 2008, it was the time when he moved to London from his prior investment bank in New York. He completed his MBA from The Wharton School in 2012 and then he established the Deliveroo firm with his childhood friend, Greg Orlowski.

DEliveroo has been categorized as the best firm of 2016 from an MBA background. It eventually topped the Poets and Quants Top MBA Startups. From past five years, Stanford GSB and Harvard Business School has continuously dominated the list of top 100 lists of best startups. And the 2017 ranking reported an increase in the number of MBA graduates from the two schools which count $958.64 million.

Are big organizations such as Harvard and Stanford are losing the dominance on major startup funding? Probably! Before two years, there were 71 out of 100 companies which were placed on the Poets and Quants ranking but the number decreased to 48 out of 100. Whereas, the firms like Wharton, Columbia, and Kellogg are on the positive side with 31 companies on the list.

Entrepreneurship becomes passionately admired at both business schools. Students of both schools precisely focus on starting their own business. Last year, around 93% of Stanford MBSs took admission in the course of entrepreneurship.

The senior director of Columbia’s Eugene Lang Entrepreneurship Center stated that “Entrepreneurship isn’t just about starting businesses. “It’s also being able to innovate, experiment, take calculated risks, and do the customer discovery process before you launch into things.”

The Poets and Quants ranking significantly reported a decline in the resulted list of 2017. The decrease in top 100 MBA startups reported a decrease from $5.2 billion to $2.9 billion. Though, the seven new ventures reported an increase over $100 million.

So, this is the updated reviews about the hunger of startups in the market. Startups are getting involved in making money through different backgrounds.

 

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