Dear hockeygal,

You do have a chance at an MBA program. The question is really more of which program is the right program for you. I encourage you to read the Stacy Blackman sticky on school selection for tips on identifying programs. Owning equity in a private company, on its own, is not going to be an advantage for you. It is interesting--but MBA admissions committees are more interested in what you have done in your career to date, how you have progressed, what your leadership and team experiences are, and how this experience is relevant to your future career goals. Very few MBA programs accept the GRE in lieu of the GMAT, so you might consider taking the GMAT. A high GMAT score will help mitigate your GPA and expand your potential school list.

Good luck,
Lisa