January 19, 2007

silhouette3.JPG From the desk of Jane Galt:

Just came across this interview with one of my favourite business school professors, James Schrager. He teaches New Venture Strategy at the University of Chicago, the highlight of which is a final project in which you design a new business and pitch it to him as you would a VC, whereupon he systematically destroys the egos of arrogant students with visions of getting rich quick. This bit struck me as particularly funny:

Now for a series of short questions:

Do you own an IPOD? No

One thing the Chicago GSB should do better? Student parking

One thing the Chicago GSB does perfect? Allows the faculty maximum creativity and develops an exceptionally high standard for research. This is what is behind the Nobel awards.

Favorite place? Chicago, Illinois

Most exciting place to visit? Johannesburg, South Africa

Last Motorcycle you owned? [Big grin again] Oh Yes! A Penton 125cc Motocross bike.

Favorite Book? Milton Friedman's Capitalism and Freedom

One thing all Chicago GSB students should do?

Go to the Museum of Science and Industry, or, even more importantly, TOUR A FACTORY. It is incredible how much can be gained through this experience.

Why is this funny? The business my team and I pitched to him was a valet parking service for the business school students.

How did I come across the article? While looking for the columns I wrote for the student paper while I was there. Unlike Kieran Healy, however, I am embarassed enough not to link to them.


Posted by Jane Galt at January 19, 2007 1:27 PM | TrackBack | Technorati inbound links"); ?>
Comments

Unlike Kieran Healy, however, I am embarassed enough not to link to them

No, I was too embarrassed to link to your student columns as well. ;)

Posted by: Kieran on January 19, 2007 1:43 PM

I wrote op-eds for the Fordham school newspaper way back when. (I prefer "way back when" to "back in the day.") I took myself way too seriously. Despite a couple of gems, most of what I wrote was absolutely garbage. Yet if anybody told me that at the time, I would have been offended and dismissed it as "They don't like because I'm conservative, smarter than they are, etc."

One of my Jesuit professors also wrote op-eds for his college newspaper. He also does not look back fondly on his student journalism at U Penn in the early 1970s.

A friend who also graduated from Fordham admitted that he surpressed memories of what he published.

The writing discussed here is opinion journalism. I've never met a single person who wrote op-eds for their student newspaper and looks back with pride at their work.

Is there anyone here who wrote straight news, sports, or other features for your college newspaper and finds that it still holds up in the sense that it's well-written and could have been published in a professional, real world newspaper?

Posted by: D------ on January 19, 2007 2:02 PM

Are you embarrassed because you argued positions you no longer hold or because the writing was objectively bad (or both)?

Posted by: D------ on January 19, 2007 2:23 PM

"Why is this funny? The business my team and I pitched to him was a valet parking service for the business school students."

In lieu of charging them, you could offer to park their car for 0.0002% of their reported gross annual income from 10 years in the future. Sure, it would be a few bucks here, a few pennies there, but there could be a big payoff that would make it worthwhile.

Posted by: Njorl on January 19, 2007 5:06 PM

I wrote sports, opinion, and news for my college paper, and I think D------ has a point. The average sports/news story holds up a lot better than the average opinion piece. The (few) good opinion pieces don't embarrass me, but the bad ones are so much worse than bad sports or news stories.

Posted by: Amber on January 19, 2007 5:17 PM

From what I recall as an undergrad at Princeton, Kieran's columns were the kinds of things that one really ought to be ashamed of years later. He probably got a good bit of hate mail for them... and deserved all of it. Basically, Kieran's columns made him look like an asshole. Upon re-reading a few from Jane's link, I continue to believe that Kieran is an asshole.

Of course, if I were a grad student at Princeton, I'd be pretty bitter and would likely relish the opportunity to pen obnoxious columns making endlessly witty observations about how all of the undergrads are exactly the same. Oh, what fun! How clever!

Posted by: Howard on January 20, 2007 9:55 AM

I liked Shawshank Redemption, but I gotta say, Capitalism and Freedom was a bit overrated.

Posted by: Caio on January 20, 2007 9:59 AM

Caio:

I liked Shawshank Redemption,

Really? You like the literary technique of Deus ex machina? (That's Latin for "cop-out ending".)

Posted by: Person on January 20, 2007 11:50 AM

Howard brings up a good point: a graduate student bitterly lording it over undergrads in print isn't a great way to make friends.

I don't know that the grad/undergrad ratio is at Princeton, but if it's significantly less than 1, that'd be a good way to be unpopular.

Posted by: Klug on January 20, 2007 1:29 PM

He teaches New Venture Strategy at the University of Chicago, the highlight of which is a final project in which you design a new business and pitch it to him as you would a VC, whereupon he systematically destroys the egos of arrogant students with visions of getting rich quick.

I wonder if any of the business designs he's gotten were as goofy as the one submitted elsewhere by a college student, of setting up an air service to fly documents around the country for the Federal Reserve bank and anyone else who might be willing to pay a premium for prompt delivery.

Posted by: triticale on January 20, 2007 6:29 PM

Wow, person, thank you for that brilliant Latin lesson. I never did high-school English so that explanation really opened me up to new and unexplored worlds of intellectualism I'd never previously dreamt of. Not only that, but your unequalled powers of logic and observation revealed all the informational and aesthetic dilemmas inherent in my corny fucking joke.

You must teach at Harvard amairite?

Posted by: Caio on January 21, 2007 2:08 AM

You were trying to be funny?

Posted by: Person on January 21, 2007 10:44 AM

Klug - you're right. The ratio is far less than 1 to 1.

Honestly, I felt for the grad students at Princeton - they were isolated socially (with the occasional exception) and we as undergrads considered them a weird bunch. They seemed far less happy (again, with the occasional exception) and it was easy to tell why.

Posted by: Howard on January 21, 2007 11:58 AM

PARKING??!?! Yes, more cars, more driving....smart professors who think they know it all while they ignorantly play into My Carbon Plan for my final rise to power in the ultimate Armegeddon foreseen so long ago...the death of humanity by fire and ice. Yes! Drive, Schrager, DRIVE!!!

Posted by: Malthusian Muffdragon on January 21, 2007 2:43 PM

You were trying to be funny?

Based on his follow-up, not even close. The dropping of an eff-bomb is a de facto declaration that the dropper has long since abandoned humor in favor of cheap shock value. If it were even shocking any more, that is.

Pardon my Latin.

Posted by: anony-mouse on January 21, 2007 9:54 PM

Njorl:

Aw, c'mon. At least .001%. Go for broke!

Posted by: Shelby on January 22, 2007 1:38 AM

The "f-bomb" is shocking? Gee, you'll have to pardon my language, anonymous. I didn't realize I had wandered into a tea-party.

Posted by: Caio on January 23, 2007 4:12 AM

The "f-bomb" is shocking?

As noted, it has ceased to be. Now it's merely irritating on account of frequent and useless repetition -- in essence, the leaky faucet principle.

I didn't realize I had wandered into a tea-party.

Right, because casual vulgarity is only unnecessary at tea parties. Well, if that's what it takes to remind people that we're trying to run a civilization here, then sure -- break out your Earl Grey and join the fun!

Posted by: anony-mouse on January 23, 2007 4:54 AM
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