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Help needed : Failed startup in MBA application

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Help needed : Failed startup in MBA application [#permalink] New post 16 Sep 2013, 09:11
Hi,

I am a 27 year old Indian Male with a 750 GMAT and work experience of 6 years ( by Aug 2014).
I am currently running my own tech startup ( since 2012) that we are about to shut down. We have till now raised about $50k in seed funding from investors and have applied for a couple of provisional patents also in the process.
MY question is how the adcoms will look at the startup experience and also how will the shutting down be considered as during the application cycle, I would be working on the paperwork to wind down the company ( paperwork and IP issues) ? Should I apply this year or wait for next year after getting a job etc ?
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mbaMission Admissions Consultant
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Re: Help needed : Failed startup in MBA application [#permalink] New post 20 Sep 2013, 06:29
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Hi there,

Good question. There are pros and cons to the situation. Generally, having some in-depth start-up experience is a plus no matter what... even with a 'failure', since you learn so much from it. (Though of course a successful start up may be even more of interest ;), but if you can speak to what you learned from the experience it can still be valuable). The down side is that you don't want it to sound at any point like you are applying because you are at a loss/don't know what to do. In terms of when to apply though, that is more based on your personal preferences, and if you'd like to go for it now and think this is an ideal time (with 6 years of experience it may be), then you can just make that case in the application.

Good luck on your decisions!
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Help needed : Failed startup in MBA application

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