I completed my MBA in 2006 while my school was shifting itself from the traditional aspects above to include a more entrepreneurial focus. If you asked me at that stage for a budding tech entrepreneur is there value in an MBA, the answer would mirror the position of the writer.
However, some schools have made significant strides in developing their programs and themselves to support entrepreneurs (or people who want to pursue that pass). I have been stunned in the way some schools now offer almost entire programs around entrepreneurship. Is that enough to overcome the cost?
I don't have an answer for that, but here are my thoughts: 1. Many, if not all of these programs, now have incubators/competitions as a part of the program with significant seed funding available 2. Similarly, many schools have developed networks with local VCs getting that initial access to funding and offer amazing access to coaching and angel investors 3. Maybe a little esoteric, but that 100k might give you that one piece of credibility/analysis etc that gets you that first round of funding, or helps you avoid that one mistake that could jeopardise you business and/or any funding you needed to keep your business running.
This is not an easy choice, but increasingly, some MBA programs do offer a LOT of value for the $100k