Blueroselady's Weblog

I wish you abundant happiness, health & wealth

Thiel Fellowship allows you to bypass top schools to pursue big dreams

leave a comment »

Dreams are extremely important. You can’t do it unless you can imag(in)e it. — George Lucas

If you are so smart, why are you not rich?
If you are so smart, why are you not changing / saving the world?

About Thiel Fellowship
$50,000 / year for 2 years ($4,167 / month)
gives you easy and quick access to the most successful business people in America
aim: to skip college and focus on work, research, and self-education (LEARN BY DOING)
mentors: network of visionary thinkers, investors, scientists, and entrepreneurs, who provide guidance and business connections that can’t be replicated in any classroom.
founded by a VC Peter Thiel (PayPal, Facebook)

Examples of descriptions of the Thiel Fellows:
On experience
"leave Harvard after a single semester and extend his horizons, first by traveling around the world and climbing Kilimanjaro, and now through his start-up"
"has lived and been educated in England, Singapore, France, and the USA."
"began taking college courses at Worcester State in Massachusetts in 3rd grade, and received a certificate in computer science by the time he was 12."
"taught himself programming at the age of 9"
"a home-schooled prodigy who learned calculus at 11, started working in a biogerontology lab when she was 12, matriculated at MIT when she was 14, and now at 17 plans on disrupting the current research paradigm by changing the incentives embedded in today’s traditional funding structures."
"started doing research in a pathology lab when he was 10. By the time he was 12, he had matriculated at the University of Washington. Soon after, he graduated with honors degrees in neurobiology, biochemistry, and chemistry. He was a 19-year-old 4th-year neuroscience Ph.D. candidate at Stanford University when he left early this year to pursue his start-up"
"has worked for Microsoft, Stanford, and Mozilla"
"Has previously worked at iRobot’s Research Group and as a Program Manager at Microsoft."
"In his teens, he built products for companies such as Coca-Cola and Universal Music"
"has designed web interfaces used by millions of people around the world"
"has previously worked for D.E. Shaw & Co., several social enterprises, and a few start-ups"
"founded a vacation rental portal as a high school freshman"
"starting his first business when nine years old"
"co-founded the Electric Vehicle Club at Purdue and was president of Purdue Innovations, the university’s entrepreneurship club."
"began developing her social enterprise when she was 15"
"first worked in a lab when he was 11, interned at Dupont as a teenager, and won the grand prize at the 2009 International Sustainable World Energy Olympiad in Houston."
"run non-profit dedicated to helping the vision-impaired around the world"

On goals / aims
"aims to radically improve our approach to the one thing we all do – shop." / "e-commerce start-up that will revolutionize price comparison on the web" Keyword: radical
"passionate about equipping people with the information to make better decisions." Keyword: information, decision
"interested in helping people protect the wealth they create from the harmful effects of inflation" Keyword: protect
"to help emancipate information around the world" Keyword: information
"to decentralize banking in the developing world with a mobile payment system"
"to create and share online lessons designed to be viewed at home by their own students, leaving class time free for more engaging activities"
"to revolutionize how we develop and demonstrate talent in the twenty-first century."
"to leverage web-based videos and mobile apps to bring the classroom into the twenty-first century"
"to build efficient motor for electric vehicles." Keyword: energy
"to commercialize an invention that enables low cost dual-axis photovoltaic module tracking" Keyword: energy
"to invent a walker-wheelchair hybrid that can provide power to assist its user according to how strong she feels at any moment" Keyword: aging, physically-disabled
"to extract valuable minerals from asteroids, comets, and other planetary bodies" Keyword: resource

Blueroselady thinks that they are very impressive and inspiring. How many people, before reaching 20 years old, have done so much and dreamed do big like them?
The people whom you have worked for also matter.

Reflections by Blueroselady:
Those on Thiel Fellowship seem to have a head start in their childhood (e.g. well educated parents, attendance of high schools that teach akin to college / attendance of college – so why would they still want to attend college again), but many children from less privileged backgrounds will find a college education still essential and enlightening.
Personally, I have met people of the possibly equal calibre to the Thiel Fellows, they started businesses / attended university / led beyond school organizations at early teen, while most teens are worried about growing up, peers, relationships, and juggling schools. The formers are ambitious, lucky, talented, hardworking ((they have built their CVs while other kids probably do not know what CVs are for), and most importantly have the right nurturing environment.
To illustrate this point, I shared my own example. When I was 12 years old, I found that the school was boring. My teacher suffered from diabetes and she was often absent. I could read the textbooks on my own. I told my mother that I did not want to go to school. I was happier reading newspapers and books.
When I was 13 years old, I found that some my school (male) teachers are irresponsible. They taught students bad words, touched female students’ hands / arms (and please do not ask me what else). If my parents had to pay for the school fee, I would probably quit schooling. To make matters worse, some of my school mates went astray. Girls were so cruel with words, I was helpless seeing them bullying a not-pretty girl sitting in front of me. My school mates were more interested in gossips (about seniors, juniors, peers, celebrities), hanging out wasting their lives, than in learning. Few years later after I left the school, I heard about a school mate who died from drug overdose, a school mate who got pregnant in early teen and turned into less beautiful (premature aging) than she was, a school mate who died in motorbike accident.
Then, a macro event happened that changed my life forever. I went overseas for the first time and attended much better schools (in term of quality). I learned about things that were forbidden / not taught before and revolutionized my thinking. I changed for the better, I unleashed my inner characters of hardworking, perseverance, and humility. Like entrepreneurs who focus on generating profits, I had clear focus: I was determined to earn the money required for college education through excellent results because my parents would not be able to support me after high school. My hard work and perseverance paid off, I received my college education (in 3 continents, East and West) with full scholarships. Every stage is like climbing to a higher ladder, I meet people who are more talented, creative, diverse than ever (many of them have better a head start childhood than me), and college education allowed me to learn from them. It is true that the higher you move to, the more you can see, understand, and do. As a result, I evolve into what I am today. At the end of my formal college education, I read analytically, write convincingly, think from multiple perspectives, converse fluently in multiple languages (I can mimic American, British, French, Indian, mainland Chinese accents), had traveled to more countries than the years of my lives, understand myself better, and most importantly have germinated the strongest urge (that I have ever had) to better our world.

From another point of view, colleges worldwide are getting very expensive. Students take loans, enjoy their college experience (sadly some focus on hanging out with friends, buying the latest gadgets), and postpone their sufferings of having to pay their loans while working and struggling to meet an end meet after the honeymoon period of college days. This sounds to me like an upcoming education bubble, which is akin to the housing bubble. To make it worse, colleges seem to mass produce workers (who are happy with the good enough), and to produce (in much less proportion) thinkers, innovators, agents of change. The latter are those that refuse to be entirely submissive and driven to the system. Colleagues and acquaintances are complaining to me about the drop in the standard of recent college graduates.

Nothing remains the same because lives are dynamics. My future generations will do things differently from what I did. If they are academically inclined, they can start learning the college materials (through online courses or immersion in labs) at early teen. If they are artistically inclined / entrepreneurial in nature, they can start interning at early teen. I still view traveling as essential, I learned a lot about independence, responsibilities, management, self-control, and survival while traveling and living in foreign countries far from my family. I made strangers my friends and family. I appreciate the values of every place and person. Get more exposure, discover more, and you will discover what your destiny is.

What’s next?
I will be reviewing my plan on progeny.
To research on things kids need (to learn) to be successful in their lives.
To research on homeschooling curriculum (what are not taught in school).

More about the Thiel Fellowship:
http://dealbook.nytimes.com/2011/05/25/finding-the-next-mark-zuckerberg/
http://www.creators.com/opinion/john-stossel/the-college-scam-11-07-06.html
http://www.forbes.com/sites/jmaureenhenderson/2011/06/20/meet-the-teen-who-got-paid-100-000-to-drop-out-of-school/
http://online.wsj.com/article/SB10001424052970203960804577239253121093694.html?mod=googlenews_wsj
http://www.businessweek.com/interactive_reports/bs_collegeROI_0621.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: