We can probably tell lots of anecdata about whether MBA is an advantage for a startup founder, but I’ll leave a few quotes from well-known people who talked about MBAs:

• Elon Musk: “As much as possible avoid hiring MBAs … We hire someone IN SPITE of an MBA, not because of one.”
• Peter Thiel: “Never ever hire an MBA, they will ruin your company”
• Sheryl Sandberg: “While I got a great value from my experience, MBAs are not necessary”
• Guy Kawasaki: “For every full-time engineer, add $500K in company value. For every MBA subtract $250K”
• Mark Cuban: “I think an MBA is complete waste of money”
• Marc Andreessen: “MBA graduating classes are a reliable contraty indicator: if they are all going to IB, there’s going to be a financial crisis. If they all go to tech, there is a bubble forming”
• Scott Cook: “When MBAs come to us, we have to fundamentally retrain them — nothing they learned will help them succeed at innovation.”

Perhaps, you talked to investors who said they love MBA founders. Maybe they said that but I’d be careful. Investors can’t be mean to potential billionaires and investors almost never OPENLY say No to an investment.

Now, do I think MBA is worthless? Clearly not! I am getting one. And I have seen plenty of founders with MBAs. I’m just repeating things that I have heard from engineers.

About the second point — what’s not true? The fact that engineers require high salary? Because they do, especially in San Francisco. You will be competing with FAANG companies and those just pay a lot.