A famous VC once valued seed-stage startups by adding $1M for every engineer on the founding team and subtracting $500K for every MBA. It made sense when building was the bottleneck. AI is turning that 180 degrees: code is heading to $0, agents ship the product, and what's scarce now is knowing what to build, how to price it, how to sell it, and how to run the business around it. That's what an MBA teaches. When the specialists are AI, generalists win. (Disclaimer: I still believe that the most significant value of the MBA is the networking and not the education per se. That kind of education is now available for free.)

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