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I think you are right. A year after getting $100,000 in seed money, they should have some revenue. Maybe not a lot, probably not profitable, but they should h

I think you are right. A year after getting $100,000 in seed money, they should have some revenue. Maybe not a lot, probably not profitable, but they should have some sales. Worst case, they should be right on the edge of releasing their product. By year 2, no revenue would be a complete disaster for this program. Having 1 in 6 or 1 in 10 make it would also be a disaster.

randomdata 14y ago
Is the goal for Thiel to see a quick return on his investment? Or is it set these people up for a better career in the future? I have always understood it to be the latter. From what I have interpreted, Thiel believes that just getting out into the world and getting to work will put you as good, if not better standing than someone who went to college with respect to future income and employment opportunities†. That doesn't mean they are going to be millionaires on day one. They still have much to learn, like anyone else. One year later doesn't really tell us anything about the success or failure of his program. † within reason; you are not going become a doctor without the right credentials and he openly speaks to that.