I think his view is distorted a bit. Take HBS statistics for example: 40% of graduates found a company at some point. 40%! Top business schools know how to create entrepreneurs and teach people how to take risks.
The problem is that the engineering education and the MBA education are totally different to the point of being orthogonal. There are 2 distinct cultures formed by science geeks and MBAs. The entrepreneurial view of the world is taught in business school while the engineering school produces engineers and scientists. The problem with tech entrepreneurship is in education. An engineering student is unlikely to take an entrepreneurship class because that belongs to the MBA crowd. Such a pity.
PS I also have an issue with MIT. The students there, especially the ones at PhD, are strongly pushed towards academia rather than creating a business. I went there to school and when I took the "new enterprises" class and I was the only student in the class that was not in business school.
Immigration law actually deters innovation of the top immigrants. These students come to US to study at top universities, undergrad or grad and afterward they cannot legally start a business on their own. They have to wait to get a green card, which is years away. By then, as people become older, they lose some of the hunger.
The next best thing for them is to team up with Americans.
The problem is that the engineering education and the MBA education are totally different to the point of being orthogonal. There are 2 distinct cultures formed by science geeks and MBAs. The entrepreneurial view of the world is taught in business school while the engineering school produces engineers and scientists. The problem with tech entrepreneurship is in education. An engineering student is unlikely to take an entrepreneurship class because that belongs to the MBA crowd. Such a pity.
PS I also have an issue with MIT. The students there, especially the ones at PhD, are strongly pushed towards academia rather than creating a business. I went there to school and when I took the "new enterprises" class and I was the only student in the class that was not in business school.