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Startup to MBA

by chelseal924 » Wed Sep 12, 2012 9:02 am
Hi,

I went to a top ivy for undergrad and ever since graduation, I've been serving as the COO of a startup I helped co-found. I was wondering, assuming I have the necessary GPA, GMAT, extracurrics, etc, how successful does my startup have to be (IPO? several rounds of funding?) in order to stand a chance for a top MBA program? Worse yet, what if it failed? Also, how much of a minus would it be if people writing my recommendation letters aren't from well-known banks/pe/consulting firms/F500?

Any insight would be greatly appreciated. Thank you!
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by Jim@StratusPrep » Wed Sep 12, 2012 1:45 pm
It is more about the experience than the success. As long as you can show that you learned valuable things, the bottom line of your company should not matter.
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by Jon@Admissionado » Wed Sep 12, 2012 11:00 pm
Well, it's not like there is a "cut-off point" for success. Obviously the more successful you are, the quicker, the better. But as Jim mentioned above, you don't necessarily have to have that much success (although it certainly does help), but experience can be enough. It all depends on what you are doing.

You also have different ways to measure success. So maybe for example you haven't yet made a dollar profit, but if you have gotten 100 million seed money, well nobody would think that isn't successful!

Size also helps. If you are COO of a small start-up of 4 people it's gonna look less impressive than if you are working with 100.

So little facts and details that will show the depth and breadth of your experience and the results too will all be of help to strengthening your profile.

Hope this helps!!!
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