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The 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.
by aneesh 16y ago
The 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.