“I see this as a big publicity stunt by Peter Thiel,” says Vivel Wadhwa, director of research, Center for Entrepreneurship at Duke University. "What the Silicon Valley elite fail to realize is that the rest of the world isn't like Silicon Valley. A Stanford dropout has many options. Students who follow this path in the rest of the U.S. and the world don’t. The majority who take this path will end up selling fries at McDonalds.”
That said, many of the students in the Thiel fellowship consider it a good opportunity.
Ben Yu left Harvard University after one semester and was interviewed by the Thiel Foundation after climbing Mount Kilimanjaro. He is now looking at building an e-commerce-based start-up to change comparison shopping. Yu says his time away from school has already been put to good use.
“It has been worth so much more than I would have gotten in two years at school, even Harvard,” he says. “Regardless of what school you go through, there is the same progress.”
Yu sees the end of Web 2.0 technology underway, and that the next thing could be on the horizon. With the addition of apps, tablet computers, mobile phones, and other ways that information is accessed, he sees new challenges and says he is lucky to be able to tackle them head on with his venture.Page 3 of 5 | Prev Page | Next Page