The structure of entrepreneurial education seems to be based on an assumption that entrepreneurs need venture capital for growth. Accordingly many business schools organize business plan competitions; conduct shark tanks with mentors, angels and VCs; teach venture-capital financing; and lead students in the direction of capital intensity.
But is this the right direction? Is this hurting job creation and new enterprise development? With apologies to Tennessee Williams, should universities make their students dependent on advice from mentors and on money from strangers?