I think one of the most valuable courses that aspiring students should take, that is not widely available, is risk management.
Risk management should cover the following:
- Managing insurance
- Managing legal/compliance
- Evaluating statistical probability/mathematical modelling
- Understanding
- Manage people and culture
- International relationships/cross border relationships
- Managing technological risk
A great example of a fantastic risk manager is Travis Kalanick from Uber. In 1998, Travis dropped out of UCLA with some of his classmates to found Scour, a search engine for downloading potentially unlawful (copyright protected) content. He learned to navigate the risks of this business and applied this knowledge to successfully navigate taxi red tape/monopolies/regulatory hurdles in multiple countries.
Another great example is Chris Sacca who has one of the most impressive track records as a venture capitalist. He has a great understanding of managing risk. He claims he had a negative net worth of $4 million and worked off his debt, eventually becoming a billionaire.
