[lordnacho]

> start-up or the R&D division

Well certainly a large R&D division is similar to a university, but if you go that way, of course it makes sense to have a PhD. The question is whether the skill is applicable to things that aren't basically the same thing.

For start-ups, getting funding does not look like a university grant application, surely? At least I've heard many many versions of what people did, and none of them sounded much like what my PhD friends did.