Why Entrepreneurs Don't Need MBAs to Succeed: MixNMentor Dubai Panel Part 2 [Wamda TV]
In the second segment of our Wamda Mix n' Mentor event in Dubai, angel investors Fadi Ghandour and Joi Ito and entrepreneurs Muhammed Mekki of Namshi and Brian Sigafoos of Duplays gathered for a final panel moderated by Wamda CEO Habib Haddad.
What are the most import traits that you look for in an entrepreneur when you want to invest or support him?, Habib asks Joi.
The best strike a balance between focusing and looking for opportunities, he says. "Execution and focus mean putting your blinders on, which is important when you are doing the sprint, but then you have to be able to look up and say, 'Wait, this isn't working.'"
Haddad then queries Ito on his dislike of MBAs and quickly pivots to ask Muhammed Mekki why he got his MBA.
In an amusing exchange, Muhammed explains why both getting an MBA and working for McKinsey- another no-no according to Joi- were strategic decisions that helped him first understand the Silicon Valley ecosystem during his MBA and then the Saudi market as he worked as a consultant.
The panel then discusses how fashion e-commerce site Namshi optimized its entry into the Saudi market by working with Aramex.
Want more tips from our Mix N' Mentor panel? Check out what our panelists had to say about:
- Agility, Focus and the Power of Pull: Tips from Fadi Ghandour and Joi Ito
- How the Private Sector Can Support Startups
- Entering the Saudi Market, and Global Trends for 2013
- Why Gamers Make Great Managers & Tips on Startup Culture
- Hiring and Scaling a Startup Culture
- Why Startups Should Support Sustainability
- Tips from Fadi Ghandour on Bootstrapping