Funding Dis-Education

Arnold Kling

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Signaling that I'm Not Signali...

Rational Religious Ignorance?...

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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.

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CATEGORIES: Business Economics , Economics of Education

COMMENTS (2 to date)

Latest Comment

Hyena writes:

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".

Posted September 28, 2010 1:11 PM

Dan Weber writes:

Do Y Combinator startups do any better than other startups with similar founders?

Posted October 1, 2010 11:08 AM

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