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The article makes a fair point, but just like college, you have the problem of signalling value: does a degree/Thiel's program/award X only recognize potential,
by derbOac 3y ago
The article makes a fair point, but just like college, you have the problem of signalling value: does a degree/Thiel's program/award X only recognize potential, or also contribute to potential by drawing attention to the recipient? Regardless, is Thiel's model scalable, in any meaningful sense?
- j7ake 3y agoColleges aren’t scalable either. Ask Harvard to hand out more degrees and you’ll see part of the value of a degree is signaling something you have that others don’t. It’s a zero sum game: the more people have Harvard degrees, the less valuable that degree becomes. Recall the Thiel fellowship targets people who would have gone on to a top university. So neither paths are scalable.