The world of high tech has plenty of billionaire college dropouts, Bill Gates and Steve Jobs chief among them. Now, Peter Thiel, founder of PayPal, is giving grants of up to $100,000 to 20 entrepreneurs under 20 years old. In effect, recipients are encouraged to drop of college or forget college if they accepted the grants.
Thiel likes to spot bubbles, and he says in a recent Techcrunch interview that education has become a bubble: way overvalued by most people. “A true bubble is when something is overvalued and intensely believed. 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.”
Thiel isn’t a college dropout. He has a B.A. and a law degree from Stanford University. But the 20 young Americans his foundation has selected are tempted to become the next Bill Gates or Steve Jobs by accepting Thiel’s offer. If you want to apply, visit his eponymous foundation.
This week on OurValues.org, we’ve been considering the value of college.
Is Thiel’s idea a good one?
If you (or your son or daughter) got a Thiel grant, would you support it?
Originally published at www.OurValues.org, an online experiment in civil dialogue on American values.