Tell me more ×
Answers OnStartups is a question and answer site for entrepreneurs looking to start or run a new business. It's 100% free, no registration required.
up vote 1 down vote favorite

Sites such as Facebook were created while attending a University. According to this source "About two-thirds say they work part time" so it is common to see university students working.

But what about start-ups? Are failure chances higher if the founder/developer/leader is focusing on university & a start-up? Can one balance the work demands of both university and start-ups?

share|improve this question
1  
Please ask one question per post, otherwise it's impossible to give one answer. It's not a big deal to ask a number of questions. – blunders Aug 9 '12 at 3:41
1  
As for Facebook, that's an one in a 100 million example if you're just looking at the number of US college students enrolled in the past ten years. Colleges are designed to educate, not create jobs or companies; clearly there are classes with this goal in mind, but that's theory, meaning if you do well in the class school does not end. – blunders Aug 9 '12 at 3:50
Also, it's worth noting that only 50% of college grads from 2006-2011 had full-time jobs after finishing college, so I can only imagine the odds of creating a successful startup are even more challenging. – blunders Aug 9 '12 at 3:53
More to the point, what it means to be successful is defined by you. To succeed mainly requires the persistence, interest, and willingness to do so. – blunders Aug 9 '12 at 3:59
The New Yorker covers these questions with regard to Stanford: newyorker.com/reporting/2012/04/30/120430fa_fact_auletta Don't forget to take some of Steve Jobs' advice: hastac.org/blogs/ruth-starkman/2012/08/08/… – Henry the Hengineer Aug 9 '12 at 8:09

2 Answers

up vote 1 down vote

Lots of people work while attending university and there are certainly many stories of extremely successful entrepreneurs who "dropped out of college to work in their garage and became billionaires".

I found university boring, so started a technology business to have something interesting to think about. I enjoyed the social aspects of university, but the work was very tedious (I was doing double-honours Maths & Physics, but it was way too easy, so I lost interest).

With my new business I got to do interesting things like creating a PC-based monitoring system for a nuclear submarine using a hacked laptop and several remote nodes. Nobody seemed to care that I was just a teenager with no security clearance and no real experience of military projects. I just got the work done and they were happy.

In the end, it is all about finding something you enjoy. If you want to create a startup while at university, do so. There's no reason why you can't do both. You don't need a book about this stuff. Just do it.

share|improve this answer
up vote 1 down vote

At first I thought this question was related to Universities contributing in the launch of startups. In that case these are called Spin-Offs and there a few examples of very nice projects like the Lycos, OntoPrise etc.

Universities are a great place where people can discover who they want to be.

A university is like an environment where you either behave by its rules and once you learned how to get by, you can aim for being a good student and the best of grades... You don't neccesserily need to be the best in that environment to be on top of it, since it is easy to get good grades in most Universities once you know the tricks of the so called teaching and learning.

There is also the other case which I believe relates to your question: people understand that a University does not neccesarily reward that most skillfulled ones and then people decide for a different reward system and launch their own startups (drop-off, or just pass without being grade-greedy).

I am sure there are many cases of drop-offs, or people that put their PhDs on pause and decide to invest in advancing themself in science through their own companies & research.

share|improve this answer

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.