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This man offering the scholarship to 'stop-outs' won't instantly make the university system collapse. If I had a great idea and an investor was $100k confident
by lhnn 16y ago
This man offering the scholarship to 'stop-outs' won't instantly make the university system collapse.
If I had a great idea and an investor was $100k confident in the monetization of it, I would probably drop out, too. The author's whole premise is that dropping out is universally bad and should be discouraged, and that staying in school is universally good. Neither are true.
The article also misses the point: Where might we be if some of the 'usual celebrity dropouts' hadn't dropped out? What if they had said, "I'll get a real job first, then work on my idea." The world might look very different.
Non-Ph.D. entrepreneurs and academics can peacefully coexist.
EDIT: I concede to gxti that my statement about the author's premise is false. I stand by my other opinions: The scholarship is a neat idea and will not convince most people to drop out.
- aneesh 16y agoThe article also misses the point: Where might we be if some of the 'usual celebrity dropouts' hadn't dropped out? I don't think the article misses the point. He never says Bill Gates and Mark Zuckerberg should never have dropped out. He's just saying that dropping out should be rare. For the vast majority of people, it's not the right thing to do, financially. The "right people" will ignore all the discouragement and drop out anyway. People like Sergey Brin & Larry Page will drop out, with or without Thiel's investment. "It's better to discourage than to encourage dropping out, so that it's done only for compelling reasons."
- Eliezer 16y ago> People like Sergey Brin & Larry Page will drop out, with or without Thiel's investment. That is probably precisely the part that Thiel disagrees with you about. Who knows how many would-be Brins and Pages couldn't afford the risk?
- Aloisius 16y agoRisk adverse people aren't generally successful at founding startups.
- deleted 16y ago[deleted]
- stanleydrew 16y agoExactly. By reversing the equation and actually paying people to leave school and found startups Peter Thiel is likely going to get some people who are too risk averse to do it without a guaranteed reward. I'm not sure this is a preferable outcome, but surely he's thought of it and decided it was worth a try.
- gxti 16y ago> The author's whole premise is that dropping out is universally bad and should be discouraged, and that staying in school is universally good. No, the entire premise is in the title: Don't encourage kids to drop out. If they want to do it, they'll do it, and good on them for it. The last paragraph even argues against "extreme points of view" which would suggest that interpreting the article as "they say drop out, don't do it" is totally wrong. > Where might we be if some of the 'usual celebrity dropouts' hadn't dropped out? Worthless speculation. We'd be somewhere different, yes, but no less interesting and no worse off.
- Eliezer 16y agoNo, the premise is, don't glorify dropouts. Sort of a giveaway that it might be about prestige.