Need some advice

Why MIM and not MBA? MBA is a more marketable degree historically and probably even more impressive to VC investors down the road. Additoinally, the network alone from a top 10 MBA will likely bode better for your entrepreneurial efforts over the long term. To answer some of your questions, no the adcoms generally will not view entrepreneurial efforts as EC activity unless it was not for profit or in addition to a full time job elsewhere, and then only if perhaps you used it to benefit the community in some way? Good news is, not many applicants to b-school can make the claims you can, that is, to have received funding, built a profitable business and sold it. This is very valuable experience for your classmates to draw from and can likely get the attention of top schools. you should hone your post MBA vision to be more passionate about the area you want to impact (your description now is rather generic, but I understand you didn't go into full detail on the forum). If you were to startup another company and do the same thing, it would not hurt your chances to do MBA but by then, you may be eligible for an Executive MBA which could save you time and allow you to keep rolling forward in your business. To sum up, I would encourage you to apply to a top 10 MBA program instead of MIM and if you can continue to get hits starting, running and selling your own businesses, do that and pick up the extra education you need as you go part time. One question b-schools always ask entrepreneurs is, if you are so successful at building a buisness, how can you afford to stop and do school for two years?