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This may already be covered (with 88 comments), but I fear this article will go on deaf ears, not just to education, but to general readers of TC (investors, et
by acconrad 16y ago
This may already be covered (with 88 comments), but I fear this article will go on deaf ears, not just to education, but to general readers of TC (investors, et al). In the same way that companies use higher education as an over-valued indicator of capability, so do investors use incubators, and suffer from the well-known "Group Think" mentality. The important difference is that you have to pay for higher education, whereas with an incubator you get paid. The other nice part is that you can re-apply to an incubator as many times as you want, and there's no social norm about the age you have to attend, whereas with colleges it's a 1-chance opportunity when you're 18, so if you don't get into Harvard you just don't get in (yes, you can transfer, but it's highly discouraged, and mainly in relation to the money involved).
I believe my only gripe with the article is Thiel says you should not judge Harvard-caliber students if they went to Harvard or not, because we just don't have enough Harvard affiliates. But that's very hypocritical thinking for a venture capitalist, whose community resonates the same sentiment of judging YC-caliber companies when there aren't enough YC-affiliates (cause if that was the case, TechStars and other funds would hold the same esteem).