Why I Left Wharton to Pursue My Start-Up

Entrepreneur

Many people ask me this. “You left the top business school on the Forbes rankings…to go clean teeth?” And I say “yep, you got it.” I want to explain to everyone why I am taking a leave of absence from my MBA program. It’s not JUST that I am passionate about Floss Bar. Working on Floss Bar is certainly an addiction. But there are a number of practical realities that convinced me taking a leap of faith is worth it.

1. Running An Early Stage Business Involves Chaos That Distracts You From School

Managing a dental services company is hard work. You operate on many levels such as;

  • Supply and staffing
  • Making sure the morale of your staff is at its best
  • Pitch and monetize the business
  • Build relationships and secure major deals

Few things go as planned. You learn by doing the best you can, getting advice, and fighting forest fires the rest of the time. This keeps your mind distracted from any other major goal you have or activity you need to invest time in.

2. School Is Expensive, Especially When You Aren’t Taking Advantage Of All The Resources

I love Wharton. Love it. There are so many resources available and the students are really high caliber personally and professionally. The problem is that each semester I am dropping at least $50k all in. If you are running a business, you’re not going to the activities, parties, trips, and classes enough to really make your money work for you. This leads to constant feelings of FOMO (fear of missing out). You start comparing how often you socialize to how often your peers do and constantly feel behind.

3. Finance Recruiters Like Ex-Entrepreneurs, Not Current Ones

One of the most important things you get out of business school is a great job. You start recruiting 2 months into your first year and it doesn’t stop until spring of the second year. Because financial firms are about to pay you hundreds of thousands of dollars, they are very selective in making sure you are committing to them. Logically, anyone who has their own start-up is a flight risk and has wanderlust that may cause them to leave their selective job too soon after the training period to be a good investment. It’s simple business logic no matter how well you tell your story. And for me, I genuinely like finance. If not for Floss Bar, that is what I would be doing. I love a job where I have to be in the news flow constantly, analyze companies, and advise others. But no matter my pedigree, the first question I get in an interview is about my commitment to my startup. It’s the first thing that comes up when you google me.

4. Angel Investors Do Not Like Students

Being in school means you are hedging your options. Some investors love prudent people. But many are concerned that a few months of misfortune with your business and you will just go for your safe option and close the business they just invested in. It’s not even a power thing. It’s not that they want you to be desperate so they control you. It’s simple business logic. Your likelihood of raising money at a good valuation is much higher if you drop out.

5. Being Pulled In To Many Directions Is Not A Recipe For Good Health

I remember the week when midterms finished and I really went all out. That week I was cramming for midterms, taking them, sending out recruiting emails, traveling back and forth between NYC and Philly, hosting a high-flying guest, and I felt the need to go the three nights of parties in a row that all of my peers were at and drink whiskey every night with them. By Saturday morning, I was vomiting so hard I popped some capillaries in my eye and my poor guest had to hold my hair back as the Uber driver kicked us out of the car. I spent 3-days with bloodshot eyes nursing myself back to health. That was a wake-up call, big time.

6. Wharton Offers A Very Generous Leave Of Absence Policy

I am very lucky that I go to a school which lets you come back within 5 years if you fail. I mean, you will be paying them out of the nose again, but you will have the opportunity to reset your career without any issues. Taking a chance while in the nest is a no brainer to me. If you can prove people are willing to pay for something you made, it can be a once in a lifetime opportunity. Many of us have creative ideas. I plan to have plenty along my 100-years of life. But I only see myself executing them effectively and safely when I am young. Once you get out of business school, you just paid a whopping $200k and made $0 income for two years. Seriously, how likely are you to continue your start-up then?

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Careers CEOs Companies Education Entertainment Legal Politics Science Sports Technology
Nilesh Patel
10 Things You Didn’t Know about Nilesh Patel
Crypto
20 Things You Didn’t Know About KuCoin
HR Management
20 Things You Didn’t Know about Personio
Collectibles Credit Cards Investing Real Estate Stocks
Short Term Insurance
The Lowdown on Short-Term Insurance Plans
African Funeral mask
The 10 Most Expensive Masks Ever Sold
Inflation
Here’s How to Figure Out Your “Personal Inflation Rate”
Aviation Boats Food & Drink Hotels Restaurants Yachts
Four Seasons George V Paris
The Five Most Expensive Hotels In Paris
Embrace
The 20 Best Bed and Breakfasts in California
St. Germaine
How The St-Germain Cocktail Got Its Name
BMW Bugatti Cadillac Ferrari Lamborghini Mercedes Porsche Rolls Royce
Mercedes-Benz Vision EQXX
A Closer Look at The Mercedes-Benz Vision EQXX
Nissan Juke
10 Cars Similar to the Nissan Juke
2023 Genesis Electrified G80
A Closer Look at The 2023 Genesis Electrified G80
BMW Motorcycles Buell Ducati Harley Davidson Honda Motorcycles Husqvarna Kawasaki KTM Triumph Motorcycles Yamaha
2022 Kawasaki Versys 650 LT
A Closer Look at The 2022 Kawasaki Versys 650 LT
1979 Ducati 900 SS
Remembering The 1979 Ducati 900 SS
1979 Ducati 500 Pantah
Remembering The 1979 Ducati 500 Pantah
Electronics Fashion Health Home Jewelry Pens Sneakers Watches
Concert Tickets
A Guide To Getting Cheap Concert Tickets in 2022
NORQAIN Independence 22 Skeleton Watch
A Closer Look at The Norquain Independence 22 Skeleton Watch
Pride and Prejudice
The 10 Best-Selling Romance Novels of All-Time
How Gregory Mecher Achieved a Net Worth of $2 Million
Noella Bergener
How Noella Bergener Achieved a Net Worth of $1 Million
Tyson Beckford
How Tyson Beckford Achieved a Net Worth of $8 Million
David Arquette
How David Arquette Achieved a Net Worth of $30 Million