Point taken. Education is of course a valuable thing - but a year's worth of instruction on entrepreneurship after you've already got a degree?
Most college new grads are not exactly CEO material from the get-go.
Sure, many of those things could come in handy in the future - but there are far more difficult things which you also have to learn "as you go".
Lots of people just want to be their own boss and run a viable business.
Interestingly, I see several tech startups of this nature started by folks having a deep understanding of a specific business problem due to their prior work experience tend to create such startups.
As a service provider for small businesses, I see many amazing bootstrapped services & products come up around the world, that serves a very specific need for a small subset of customers. These viable businesses tend to make enough for the needs of 2-3 folks for a long time. I have a strong inclination towards finding many of them as a service provider because they just tend to be some of the best customers with great ROI.