Authored by Aaron Clarey via Captain Capitalism Blog
I quit my research early only after 31 data points.
And the reason I quit my research early is, frankly, because “I have shit to do.” I run a real business, that no matter how obscure, has paying clients unlike today’s topic – “Entrepreneurship Professors.”
And since I don’t have the time to prophesize, theorize, and pontificate all day to naive 220-year-olds I decided 31 data points was enough, as it was time to move on with my day.
In short I took the time to scratch a curiosity itch I’ve had for quite some time:
Precisely what percentage of entrepreneurship professors have experience starting and running a business?
I knew the whole concept of an entrepreneurship degree was flawed (because you get a degree to get hired by an employer – the antithesis of entrepreneurship). And I also knew most professors are scam artists who could never work it in the real world, and thus sell worthless, over-priced pieces of paper to naive millennials. But there was also a piece of me who theorized there MUST be some old timer who retired, made their millions, and just wanted to share their experience to help young, budding entrepreneurs.
Oh, foolish Cappy. You had an idealistic thought, didn’t you?
The truth is 66% of the “entrepreneurship professors'” resumes I searched had NO experience in being entrepreneurs. The vast majority of them, like all their professor brethren, were the epitome of “those who can’t do, teach.” Merely bystanders, spectators, studiers-of, and observers of real entrepreneurs in the real world making real change. Simply the marching band who lacked the talent, skill, and work ethic required to make it on the football team.
But even those who listed “entrepreneurship” experience in their resumes were questionable.
- A significant amount of professors claimed they were a “founding partner” of some kind of venture capital group.
- Or sat on some board of a company they invested in.
- Another great one was where they run some kind of “consulting company” that advises (you guessed it) entrepreneurs on how to start up their companies!
A further layer of dubiousness was added when it was obvious nearly ALL these “real world entrepreneurs-come-professors” relied on teaching as their primary source of income and NOT (ironically) their super-awesome successful businesses they started. In short, NOBODY STARTED A FREAKING BUSINESS AND BUILT IT FROM THE GROUND UP! They simply either consulted or invested, but NEVER “entrepreneur.”
In short, my suspicions were correct. Not only is entrepreneurship logically a stupid degree, it is just another field of academia that is populated by a world of losers who couldn’t hack it in the real world, and now suck off the blood of naive youth to sustain their parasitic existence.
Were there some genuine entrepreneurs who had a passion for business, made their wealth, and wanted to share their experiences?
But they are rare for the real entrepreneurs out there are too busy and too successful making money to piss away 4 years of their lives getting a “PhD” in “entrepreneurship” just so academia will deign them “qualified” to teach about the topic.
It is the epitome of “those who can’t do, teach” in the world of “entrepreneurship professors.”
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