I wouldn’t use the word, ‘dropout,’ I would use the word ‘extended leave of absence’,” said Marc Meyer, director of the Center for Entre­pre­neur­ship at North­eastern Uni­ver­sity in Boston.

North­eastern gives out $250,000 a year in grants through its own new, stu­dent run ven­ture accel­er­ator. Meyer could have used that kind of help when he was a stu­dent at MIT in the eighties.

So very much because we made so many mis­takes that had nothing what­so­ever to do with the product or tech­nology itself. You can be a bril­liant tech­nol­o­gist and be absolutely dumb about busi­ness,” said Meyer.

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