In 2022, Sam Perry, who previously worked at G-P, transitioned from employee to entrepreneur following his layoff from a tech position. Using a portion of his mid-five-figure severance, he opted to launch a startup rather than pursue a costly MBA. Perry noted that traditional MBA programs, particularly at prestigious institutions like Harvard and Wharton, exceed $100,000 and offer no job guarantees.
Perry's prior experience includes roles at Anheuser-Busch and FedEx, equipping him with essential business skills. In October 2022, his team received a significant industry accolade, but the following month he was unexpectedly laid off. Despite considering an MBA for career advancement, he ultimately decided to invest in his own business venture, inspired by a family friend's suggestion.
The startup idea, an HR tech marketplace, was already in development as a side project during his tenure at G-P. He committed about 20% of his severance to initiate the venture, believing it would provide practical experience and potential financial returns, contrasting sharply with the uncertain benefits of a formal education.