Sadly, this is the true value of an MBA, not to mention certain other professional degrees. People just think it means something, on its own, that it doesn't. This benefits the person with the MBA more than anyone else. Like someone else said, you hire people not their academic degrees.
Prof. Blank's blog entries aimed at selling his "Startup Manual" are creepy. Framed as stories of walking through the woods with former students it just stinks of cheap, manipulative internet marketing. Is this what he is teaching kids? Then at the end a link to his book on Amazon. Just terrible.
Thanks for lowering the bar, Mr. Blank.
"Where the money is." Indeed. Money that could be invested in more worthwhile research. He's right. Thank God for NIH, NSF and the SBA, because now we have educators giving in to the lure of low brow internet marketing. Sad.
And the worst part of it is there is a kid acting as CEO calling himself a "hacker".
Hackers do not turn websites into corporations. Imagine if all ISP's were turned into "AOL's".
Facebook did not connect billions of people. They were already connected. All they needed to do was share their contact details. And the facility for that already existed in thousands of other websites.
People chose one website, Facebook. That's a good thing. And the credit should go to people for encouraging each other to all sign up at one website.
But alas it is the website of a sociopath who took people's contact details (calling them "dumb fucks" for giving him their info), the way a spammer collects email addresses, or a cybercriminal collects credit card numbers, and then sold the information for financial gain (your info is worth maybe .85 to a few bucks at most in this market). He's creating the next generation of mailbox stuffed full of junk direct marketing.
If Mark Zuckerberg is your hero you need think more carefully about what he has done and re-examine your principles.