Categories:
Business Economics
Economics of Education
Mike Gibson points me to this story.
[Peter] Thiel is starting a new initiative that will offer grants of up to $100,000 for kids to drop out of school.
His goal is to get college students to work in business start-ups rather than waste time in college accumulating debt.
I think that the idea that we need more young people enthusiastic about starting businesses and less formal education makes sense. Of course, it is hard to work through all of the signaling implications of this grant.
READER COMMENTS
Hyena
Sep 28 2010 at 1:11pm
Thiel should listen to Paul Graham more.
For students who might actually do something significant with his grant, it is probably far more profitable to have the peer group of Stanford, Berkeley, MIT or Harvard and know the words “Y Combinator”.
Dan Weber
Oct 1 2010 at 11:08am
Do Y Combinator startups do any better than other startups with similar founders?
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