UNCONVENTIONAL THINKING BLOG

Attend a class at any business school in the world and you will hear professors waxing poetic about concepts for new businesses. Ideas that can’t miss. The next Google, Facebook or Microsoft.

But what these blackboard entrepreneurs miss is that their recipes for success must be validated by a filter most of them discount or detest: the risk taking capitalists who reach into their bank accounts and back the shots in the dark with the money they need to make it to market.

The other night, I heard a Columbia University professor bashing capitalists as greedy pigs the nation would be wise to banish from our shores.

Does he know they created the endowment that pay his salary? Does he care? Should we confuse him with the facts?