We had the pleasure of sponsoring the Thiel Summit, a two-day conference for young people who applied to a fellowship run by Thiel Foundation, a program co-founded by PayPal and Facebook co-founder and venture capitalist, Peter Thiel. The theme of the summit is that young people can innovate and bring about the next major technological changes, so long as they are in conditions that are conducive for them to do so. These conditions aren’t just being in a startup incubator and having money, but also educational conditions (dropping out of college), political conditions (being free to innovate), and personal conditions (being independent).
Thiel is known for his belief that, for many of tomorrow’s entrepreneurs and innovators, college really isn’t worth it. Check out this interview with him below. He talks about what markets are good (and not good) at doing, how innovation comes about, and why telling fewer people to go to college is going to be a major deal in the coming years.