99% of university students will never start a company. 99% of those who do will close down without making any measurable difference to the world. I think the world would be better off if the universities actively discouraged the idea of starting companies. Those few who really burn for the idea might do it anyway, and might be more likely to succeed.
The idea is quite similar to Chekhov's "Rules for Aspiring Authors":
Any newborn baby should be thoroughly bathed and, after giving him a rest from his first impressions, severely whipped and told: “Don’t write! Don’t write! Don’t be a writer!” If, in spite of this punishment, the baby will show writing tendencies, a caress should be tried. If a caress doesn’t help, give up on the baby – he is as good as lost1. The writing itch is incurable.
The path of the writer from start to finish is paved with thorns, nails and nettle, and therefore any sensible person must remove himself from writing by any means ... (eventually gets to actual advice)
And those who really burn for it probably are not needing university anyway. The landscape of wildly successful people is filled with those who dropped out of high school or college.
I think that undermines a lot of benefits of entrepreneurship - the learning of many different skills, network, etc. and also just the adventure of starting a company.
It’s like saying most people will never be professional athletes so we should discourage sports.
Or most people live in their home country, so we should discourage young people from taking backpacking trips.
We seem to have become a culture where we unrealistically believe we have a solution. The big issue with many who label themselves as entrepreneurs is that often the problem doesn't exist. You end up networking with people who are less aware and also don't recognise that the problem doesn't exist and then motivate you even more. Then you have funders who rarely have expertise so they will believe you when you say it will change the world which basically all the time it won't.
Now I'm not of the view people shouldn't try to change the world but why should that be fixated on a business, why not a community effort, why not research, why not charity based, they all provide you with a range of skills. We have got a saturation of those starting businesses in every industry (especially mine which is quantum computing) and most have a poor idea or a repetitive idea or an idea that so unthought out it can't go anywhere.
(I will say less should go backpacking. Travelling on the whole now has become a distraction from life instead of a discovery. You are better taking that year or 6 months and spending it on something you love to do. That will show you who you are more than visiting some of the poorest nations on earth.)
I agree that a lot of entrepreneurship is misguided. And I totally agree that research, charity work, or other stuff can have many of the same benefits.
What I think is important (and why I think entrepreneurship is directionally good) is open-ended exploration and taking initiative to pursue one's own projects. I don't care about the specific direction, but about the idea of proactively trying to shape reality by following one's interests.
I think what you're describing with backpacking is true for most. If the point is to check off a list of Instagram picture spots, then it's more of an exercise in consumerism. If it's to deeply engage with other cultures, languages, and people, that's different.
I guess it's similar with entrepreneurship. If the point is to inhabit the founder personality archetype you see on social media, that's different than to be genuinely solving interesting problems.
