All full time work experience after graduation will be considered, irrespective of entrepreneurship (failed or successful) or a job.
However, Programs at top b-schools prefer to admit candidates with quality work experience. The key-word being Quality.
More than the industry, role or number of years your focus should be on-
1. Career progress
2. Achievements & Accomplishments
Rather than mentioning just your role and duties in the organization, bring out what you have achieved.
For example, most of us tend to write on the CV- 'Responsible for XYZ' or 'Handled ABC'. These are passive career statements.
Instead mention about how your work helped company cut costs, earn profits or simply reduce time. We all have achieved a lot in our jobs but sometimes fail to acknowledge the same.
Both Career Progress and Achievements will then need to translate wonderfully onto the application essays and interviews. Otherwise the whole process is futile.
Do some soul searching; speak to friends, colleagues, seniors or other experts. Such brainstorming and introspection will help you identify your progress and top achievements.
All the best.
gmatmana
Hey.
Thanks a lot, my question is will my startup be considered as a work experience? Even though I had a startup since college I involved in it full time from May 2017 to August 2017 and then jumped to another company due to my startup's failure. Just want to know if that 4-month term will be considered as work experience or not?