Business Commons^™

100 Cities 100 Entrepreneurs, Usu Jon M. Huntsman School Of Business

Jon M. Huntsman School of Business News Collection

The Silicon Valley approach for building companies has become the main strategy taught at many business schools around the country. It goes like this: You create a prototype you can quickly test, preferably in the tech industry. You find a group of users and gain proof of concept. You raise capital and scale the business as rapidly as possible. You plan an exit strategy that may include going public or selling to an industry buyer. You shoot for a 10X return to investors. You make a lot of money.