Of course not, it's hyperbole. Your criticism can be applied to anything [1], because nothing will make someone hireable everywhere.
The point is that if you go through a decent period [2] of running a start-up you will acquire experience and skills that will make you much more attractive for hire compared to yourself without that experience. What's more, the quality of this real world experience will most likely far surpass anything you would gain in a classic university in the same amount of time [3].
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[1] Depending on how literal we want to be with these word games, there are some tricks that can be done with the "you want" part of the phrase to adjust how much it applies.
[2] Let's say 6 months full-time minimum.
[3] There's no way to give a universal estimate here for everyone. However for people who are capable of self-teaching, the startup experience can be orders of magnitude more useful than university time.
The point is that if you go through a decent period [2] of running a start-up you will acquire experience and skills that will make you much more attractive for hire compared to yourself without that experience. What's more, the quality of this real world experience will most likely far surpass anything you would gain in a classic university in the same amount of time [3].
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[1] Depending on how literal we want to be with these word games, there are some tricks that can be done with the "you want" part of the phrase to adjust how much it applies.
[2] Let's say 6 months full-time minimum.
[3] There's no way to give a universal estimate here for everyone. However for people who are capable of self-teaching, the startup experience can be orders of magnitude more useful than university time.