4 ms·
Another major flaw in the presentation of this data has to do with the base rate fallacy. For example, "founders of tech companies tend to be highly educated."
by niknir 15y ago
Another major flaw in the presentation of this data has to do with the base rate fallacy. For example,
"founders of tech companies tend to be highly educated."
Observing that the majority of successful founders have college degrees tells you nothing about the effect of not having a college degree. If 1% of students drop out, 99% do not drop out, and of the founders from the 1%, 80% are successful and from the 99%, 20% are successful, we would still see the vast majority of successful companies coming from non-dropouts.
A very poor analysis published by a man with a pro-education agenda.
- ristretto 15y agoThe "dropout" meme is interesting, because, even though it implies that the subjects did not finish college / postgrad / phd , they did enroll in it and in many cases found inspiration / colleages / ideas while doing it. This seems to be more common than people choosing not to go to college at all. P.s. are there anti-education agendas; i would be curious to read about it
- temphn 15y ago20under20 is a fairly well thought out "anti education agenda". It's not against the idea of learning, just the outdated concept of going $300k into debt for content you could have learned by yourself online. Predictably, Wadhwa is very much against the idea of doing anything that doesn't involve paying him and his colleagues for four years.