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> pick a very select group of people, and give them money and access to a network of very wealthy people > 11/900 is a pretty amazing success rate But complet
by RHSeeger 3y ago
> pick a very select group of people, and give them money and access to a network of very wealthy people
> 11/900 is a pretty amazing success rate
But completely unscalable. It seems perfectly reasonable to think you can take a select group of people give them resources that allow them to succeed (at a certain level) better than people who went to college. You could probably get similar results by just giving a select group of people a million dollars to start with.
Or am I misunderstanding something about the situation.
- prepend 3y ago11 billion+ startups in 10 years out of a thousand has already demonstrated scale. There are tons of people giving $1M to groups of people who don’t have these returns. Also, this is a comparison of working vs college. So it’s an opportunity cost experiment. Giving $1M to skilled management teams is completely different.
- randomdata 3y agoYou could probably get similar results by doing nothing. College, for all its trumpeting about better outcomes, has shown no actual change in the financial success of the population. Incomes have held stagnant the entire time. Thiel's experiment really just goes to reiterate what we already knew: That successful people are born that way.