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As someone who was influenced by Peter Thiel to drop out of college and do a startup with my room mate, I can say it was a mistake in hindsight. Even though I

by mkbrody 12y ago

As someone who was influenced by Peter Thiel to drop out of college and do a startup with my room mate, I can say it was a mistake in hindsight. Even though I was able to land on my feet (I'm now 25 and making 6 figures), I had to go through a lot of extra hurdles, stress, and doubt to prove my worth to the world and employers when starting out my career. The odds were greatly against it working out favorably in my circumstances (I went to a tier 3 school, didn't get my startup funded, etc) and I had to possess serious hustle and grit to make it to where I am. I see people who simply studied hard, followed a plan, and graduated from an Ivy or similar college coasting by much easier - that's the path I would take if I could do it over again. Because Peter Thiel was a big influence on my decision 4-5 years ago to drop out, I look back in hindsight on my experience and think he is wrong to advocate a path he didn't take. He went to Stanford, then got a JD, worked at a hedge fund (try getting that job as a college dropout), and then became a monstrous success at PayPal & Founders Fund after building credibility & success. To think he could have replicated his career path as a college dropout is incredulous. The odds are 10x more against you, and many more doors are closed than open (finance, grad school, etc). If you want to be successful there is a very easy path if you're mature enough to work hard during high school: goto the best school you can, study a science, engineering, or finance major, and you will have >50% chance of becoming rich enough to live comfortably and retire if you continue to work hard and hustle after you graduate.

nostrademons 12y ago
Are you sure that you wouldn't have had to face those hurdles even if you'd gone to college? I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures. I don't know a single Millenial who hasn't struggled with reality post-graduation. (Actually, that's not quite true, I know a couple Googlers who got in straight out of school. They're a minority, though.) Personally, I think that the biggest advantage a person can have today is to consider rejection Somebody Else's Problem. The people who can get rejected over and over again and still bounce back to full energy immediately tend to succeed no matter where or whether they went to college and no matter what they try.
- w1ntermute 12y ago
  > liberal arts...would love to be making 6 figures It should be pretty obvious that your classmates' experiences aren't at all representative of what engineering/finance majors go through.
- noname123 12y ago
  > I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures. I bet a some of them are in or finishing up graduate school, pursuing a subject that they're interested in though. Plenty of smart and well-adjusted people I know from undergrad make less than me, but for some of them - tbh, I'd switch places with them in a heartbeat for personal, job security and job satisfaction reasons. I used to laugh secretly at my liberal arts peeps at Wesleyan (a worse liberal arts college) when we just graduated 6 years ago. But now peeps are pushing out their films in film festival, post-doc research at conferences and published novel tours and still relatively poor; but I'm quite envious of people taking creative control of their destiny and shipping something, which IMHO more important than the dollar figure. But ironically, it took me making six figures the confidence of reaching a certain "threshold" and the disillusionment of that "threshold" to realize this. > a couple Googlers who got in straight out of school. They're a minority Yes. I bet most of them are graduates of top US engineering schools whom arguably have had a very sheltered experience (but probably still less sheltered than Amherst or Wes tho). They for sure got a head start compared to everyone else in "personal finance." But tbh, like you say, dealing with personal difficulties is actually a blessing in disguise and an important phase in your life to know to keep going and going esp. when the going is tough. In some ways, I think the jury is still out for your Googler youn'g vs. the battered Amherst post-grad's toughing it out. I'd give it another 25 years when everyone's in their 40's, 50's to make the judgement.
- mkbrody 12y ago
  I'm sure I still would have had plenty of hurdles even with a degree, and I don't mean to discount that starting a career is hard for anyone, but the matter at stake here is whether it's optimal for smart, young people to go to college or skip it/drop out. My personal experience is full of rejection, stress, and closed doors (I still can't go to grad school to get a higher paying job such as an MBA or Law Degree in my 30's, and finishing my bachelors has a huge opportunity cost). Compare that to liberal arts students at Ivy League colleges who a few years ago were getting handed $100 bills to attend a 1 hour on-campus recruitment session with the hedge fund Bridgewater. That path for capable people seems much better to me than what I had to go through. If you're a smart, talented young person, I advocate studying hard and going to a top college rather than dropping out. You might just end up becoming a billionaire and paying people to skip college as part of a personal experiment :)

by mkbrody 12y ago

nostrademons 12y ago

Are you sure that you wouldn't have had to face those hurdles even if you'd gone to college? I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures. I don't know a single Millenial who hasn't struggled with reality post-graduation. (Actually, that's not quite true, I know a couple Googlers who got in straight out of school. They're a minority, though.) Personally, I think that the biggest advantage a person can have today is to consider rejection Somebody Else's Problem. The people who can get rejected over and over again and still bounce back to full energy immediately tend to succeed no matter where or whether they went to college and no matter what they try.

w1ntermute 12y ago
> liberal arts...would love to be making 6 figures It should be pretty obvious that your classmates' experiences aren't at all representative of what engineering/finance majors go through.
noname123 12y ago
> I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures. I bet a some of them are in or finishing up graduate school, pursuing a subject that they're interested in though. Plenty of smart and well-adjusted people I know from undergrad make less than me, but for some of them - tbh, I'd switch places with them in a heartbeat for personal, job security and job satisfaction reasons. I used to laugh secretly at my liberal arts peeps at Wesleyan (a worse liberal arts college) when we just graduated 6 years ago. But now peeps are pushing out their films in film festival, post-doc research at conferences and published novel tours and still relatively poor; but I'm quite envious of people taking creative control of their destiny and shipping something, which IMHO more important than the dollar figure. But ironically, it took me making six figures the confidence of reaching a certain "threshold" and the disillusionment of that "threshold" to realize this. > a couple Googlers who got in straight out of school. They're a minority Yes. I bet most of them are graduates of top US engineering schools whom arguably have had a very sheltered experience (but probably still less sheltered than Amherst or Wes tho). They for sure got a head start compared to everyone else in "personal finance." But tbh, like you say, dealing with personal difficulties is actually a blessing in disguise and an important phase in your life to know to keep going and going esp. when the going is tough. In some ways, I think the jury is still out for your Googler youn'g vs. the battered Amherst post-grad's toughing it out. I'd give it another 25 years when everyone's in their 40's, 50's to make the judgement.
mkbrody 12y ago
I'm sure I still would have had plenty of hurdles even with a degree, and I don't mean to discount that starting a career is hard for anyone, but the matter at stake here is whether it's optimal for smart, young people to go to college or skip it/drop out. My personal experience is full of rejection, stress, and closed doors (I still can't go to grad school to get a higher paying job such as an MBA or Law Degree in my 30's, and finishing my bachelors has a huge opportunity cost). Compare that to liberal arts students at Ivy League colleges who a few years ago were getting handed $100 bills to attend a 1 hour on-campus recruitment session with the hedge fund Bridgewater. That path for capable people seems much better to me than what I had to go through. If you're a smart, talented young person, I advocate studying hard and going to a top college rather than dropping out. You might just end up becoming a billionaire and paying people to skip college as part of a personal experiment :)