Entrepreneurship Lessons From Graham Weston
"Entrepreneurship is all about learning: learning how to succeed with customers." That's the mantra of Graham Weston, co-founder and chairman of Rackspace, the San Antonio, Tex.-based Web-hosting pioneer, in a rare Canadian appearance. "If you don't like to learn, an entrepreneurial organization is not for you."
Weston, who's related through his grandfather to the Weston clan of Loblaws fame, was in Toronto last week to address the graduating class of the Next 36, an entrepreneur-development program that exposes high-achieving university students to the no-frills thrills of business startups. He described entrepreneurs as the essential backbone of economic-development efforts around the world, but noted that most countries "are missing the infrastructure needed to support entrepreneurs." While crediting the Next 36 program for its work, he criticized business schools in general, saying they turn out heavily-indebted graduates who can't afford to start businesses because they need high-paying corporate jobs to repay their student loans.