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Student Entrepreneurs: If Peter Thiel Calls, Hang Up

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Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#11
post #6

Seeing how successful companies work is extremely valuable. No company is perfect so you get to see what works and what does not. If your idea is something highly technical, then the degree (or equivalent experience) is very important. Name one highly successful company whose product is highly technical where the founder was not also technical? I cannot think of one myself.

apple?

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#12
post #6

Seeing how successful companies work is extremely valuable. No company is perfect so you get to see what works and what does not. If your idea is something highly technical, then the degree (or equivalent experience) is very important. Name one highly successful company whose product is highly technical where the founder was not also technical? I cannot think of one myself.

apple?

Woz was/is extremely technical. Steve also knew how to build computers although not great at it.

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#13
post #10

"Management is a tremendously undervalued skill on the tech startup scene, and that single fact contributes, I believe, to the failure of more companies than any other factor." Truth.

If a company let's children be managers without any prior experience or training, the company should force all their child prodigies to at a minimum read http://www.amazon.com/Great-Danes-Barrons-Dog-Bibles/dp/0764...

Why?

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#14
post #7

...Says the man who went to school when the opportunity cost wasn't a decade in debt (at the very least). If you succeed, then you didn't need school. If you fail, then you can always go back to school afterwards. I don't see the downside of the Thiel fellowship, at least on its surface.

Agreed. It's at the least worth a try and if you fail not only can you go back to school but the fact that Peter Thiel, Co-Founder of Paypal believed in you will at least do you some good, reputation wise.

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#16
post #13
post #10

Earlier quoted context omitted.

If a company let's children be managers without any prior experience or training, the company should force all their child prodigies to at a minimum read http://www.amazon.com/Great-Danes-Barrons-Dog-Bibles/dp/0764...

Why?

If you can't learn how to manage a dog, what hope do you have in managing multiple divergent human personalities?

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#17
post #16
post #13

Earlier quoted context omitted.

Why?

If you can't learn how to manage a dog, what hope do you have in managing multiple divergent human personalities?

I am allergic to dogs so never learned how to take care of one. I seem able to manage others effectively and of course always more to learn. Honestly, a pretty odd choice for a book. If you really believe that book is a prerequisite, wouldn't it be better for that person to just get a dog?

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#18
post #7

...Says the man who went to school when the opportunity cost wasn't a decade in debt (at the very least). If you succeed, then you didn't need school. If you fail, then you can always go back to school afterwards. I don't see the downside of the Thiel fellowship, at least on its surface.

There are plenty of school options that involve much lower debt than that. You don't need to go to a school that costs $50k a year, there are plenty of alternatives.

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#19

"Management is a tremendously undervalued skill on the tech startup scene, and that single fact contributes, I believe, to the failure of more companies than any other factor." Truth.

Most companies fail without hiring a single non-founder! How can management be a factor in these failures?

I would suspect that poor management is a contributor to high-profile failures. But only a minor factor for startups in general. Not making something people want, and giving up too early, are far more critical problems for early-stage companies than mismanagement, and there are a lot more early-stage companies than later stage ones.

Re: Student Entrepreneurs: If Peter Thiel Calls, Hang Up

#20
There seems to be a consensus here that all big corporations are inept and the all that you can learn from them is what not to do. Only ~5% of startups are successful while 100% of big corporations were at one point. If you can't learn anything from Big Corp you aren't trying.
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