Love this, Michael. Couldn’t agree more on the diminishing value of college education and the increasing value of earned street cred.
One thing though: there’s a real value that many colleges give that’s currently hard to bootstrap or digitize… campus. The “social particle accelerator” of a high density environment with lots of ideas, perspectives, new people, etc. My mind was literally transformed in college, especially coming from a small podunk town, because I was instantly immersed in a soup of new ideas and experience.
I’ve seen startupers skip college and move to silicon valley, and because they haven’t had that intense period of social and intellectual incubation, they’re a bit… well… stunted.
That said, nobody should be paying $12K a year for that kind of value. And this presents a huge opportunity for innovators to capitalize on. I’ve been suggesting for awhile that smart VCs should invest in dorm style housing in SF and create a campus of young aspiring-entrepreneurs. Instead of charging tuition, charge equity in their future companies. Disrupting the business model of higher education doesn’t mean digitizing content and simply lowering the price… that’s iterative change, not transformative change.
I agree with you Micheal 100%!! I am caught in that trap you see, I am in school for a 2nd degree and I know that I will have the devil to pay about six months after completion. I have read your book and your articles I am in the process of using what I have read to prepare for the reconing day. Thanks for being a Truth teller!!
I agree. I also want to begin recommending people to get real world job experience as apprentice …
Agree wholeheartedly Michael. It was after reading some of your work online that I recently began to try and build my own credibility indicators by means of a blog. Reading your latest book has also provided a good “map” as to the different skills to target. Looking forward to more videos.
P.S. You’re addressing young people of the world, not just America!
I completely agree! I am an artist wanting to start my own business and I’ve been starting to try out what you said in your book.
Instead of another art job, I recently got a fast paced entry level marketing job and have completely grown by ten-fold within a few weeks! I’m definitely taking what I have learned and applying it to all aspects of my life and business.
Thanks for all your work and advice!