A friend shared this article with me today - http://www.linkedin.com/today/post/article/20130926030101-29380071-adult-supervision
Here are my thoughts:
Peter Thiel's structure is not for everyone, but doesnt mean it is wrong. It is meant for a people who have the urge to do something and university can sometimes stifle them. And the first company that a person starts is rarely bound to be successful. However, it is a fantastic learning experience and that is an important consideration.
The question really is - who is poised to be better entrepreneur?
a. 4 years, started 3 companies and failed at all 3
b. 6 years, studied a degree, and worked at a Startup-like Company X for 2 years.
There are many people skilled at managing large companies.. however it is very hard to build the skill set required to go from zero to something. And failure teaches very good lessons.
We need to remember both Bill Gates and Paul Allen. We ll know the results of Peter Thiel's experiment. in a few years. If it works, great! If it doesnt, too bad.. it was worth trying! :)
So, if Peter Thiel calls, consider the offer and follow your heart! But know that 90% of first time entrepreneurs fail.
