The Chronicle of Higher Education reports that [PayPal co-founder and one of the first investors in Facebook, Peter] Thiel thinks ideas can develop in a start-up environment much faster than at a university. And the project is also intended to question the idea of higher education. Thiel told TechCrunch in April that the United Sates was in a higher education bubble.
“A true bubble is when something is overvalued and intensely believed,” he told Techcrunch. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”
The Chronicle of Higher Education adds Thiel is doing just that:
Students today are taking on more debt, and recently tightened bankruptcy laws make it more difficult to shake that debt, he argues, and those factors make higher education a risky investment. If you get this wrong, it’s actually a mistake that’s hard to undo for the rest of your life,
he said.
Critics contend that even so, Thiel’s advice to leave school and develop a business is applicable only to a tiny fraction of students and that Thiel’s own success, aided by business relationships forged during his days at Stanford, argues against leaving school.
But Thiel is convinced that the social pressure for students to pursue lower-risk trajectories
in their career choices will lead to less innovation in the future — via carloz.newsvine.com
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