Read about the Peter Thiel fellowship where he pays people $100k to drop out I feel like that is just insanely stupid to dropout over such a small amount but than I was thinking if Goldman Sachs offered me a FT job at $250k + bonuses I would probably drop out
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Run the numbers on expected value. Probably the most useful thing I learned in school.
Agreed. This is one of the major reasons I opted out of law school.
Depends. If it's a solid brand - like GS - that gets you in the door better than a degree then it's a no brainer.
Scott Walker did and he ended up Governor of Wisconsin and a Presidential candidate.
Smh maybe he wouldn't have lost the Republican nomination if he actually FUCKING GRADUATED FROM COLLEGE
Yes, however I would still try and take online courses to finish my degree eventually.
Pretty sure all of the Thiel Fellowship recipients can easily go back to their top college should things not work out with the program. Consider it a yearlong sabbatical that will open far more doors for the recipients than not participating in the program.
PS - Have any of the recipients gone on to do anything noteworthy? Obviously the program is still in its infancy so perhaps there aren't any examples so far.
An Indian dude who got it launched a hotel startup called Oyo which just secured a billion dollars in funding from SoftBank and is valued at $5 billion so it has started showing certain success stories now.
What year of college would I be dropping out?
I don't think the Peter Thiel fellowship encourages someone to take a position at a GS, etc. I assume the goal is to encourage people to create something rather than being trained to rank & file in the traditional corporate system
Find the smartest students in the country, convince them to take business risks, pay them for their time out of school, invest in their startups, diversify, profit. A clever & creative way to find alpha. Rather than waiting for entrepreneurs to come to him to pitch investment ideas, he proactively goes and creates entrepreneurs out of the best talent pool, and on top of that, he doesn't have to compete with other investors for the startups. It's almost like he sells insurance to students, to reduce their costs & risks for taking entrepreneurial risks, in turn, he gets first picking on all of their startup ideas spawned out of his program. The guy is really smart.
Great way to put it.
OT: I would definitely drop out of a program to pursue one of these opportunities, it gives you an insured opportunity to go out and start something entrepreneurial which when supported provides more gainful opportunities than most corporate jobs.
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