< meta name="DC.Date.Valid.End" content="20050825"> Amendment Nine: Start-Ups for Up-Starts

Friday, May 20, 2005

Start-Ups for Up-Starts

One of the better articles I've read by Paul Graham. He argues, rather elegantly, that the cost of starting-up has fallen so far below the cost of attending college that today's 18 y.o's should begin a business venture instead of going to school. Following reason like this:

So if the algorithm is to filter out people who say stupid things, as many investors and employers unconsciously do, you're going to get a lot of false positives.

Graham persuades me that the current sorting systems for valuing college grads is inefficient. He also makes clear this trend shall only continue, resulting in more buyouts of smaller start-ups by larger corporations. I have a nephew just beginning his college search now. After reading Graham's argument, I'm going to talk to his father about that.