Andreesen Horowitz
< VC - Silicon Valley ecosystem
< venture capital
< hyacinthe
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Conventional wisdom among smart technology entrepreneurs says not to hire people with Masters in Business Administration (MBAs) into startups. Aaron Patzer, founder of Mint, expressed the sentiment well when he said: “ When valuing a startup, add $500k for every engineer, and subtract $250k for every MBA.” My friend Peter Thiel once warned a young entrepreneur: “Never ever hire an MBA; they will ruin your company.”
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Today, my company Ning, where I serve as chairman and cofounder, is announcing that it has agreed to merge into Glam Media.