“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.