The bigger picture of the market

One can hardly fight the theory that dropping out helps the individual to work on the project and build a startup without any formal hindrances of assignments, exams and submitting papers. But what if your startup does not do very well in the market or fails badly. Would you have any backup? Well here comes the harder part. Though the companies are being run by college drop outs, they still consider the college degree as a pre-requisite for the process of hiring. Some of the biggest companies in Silicon Valley, including Facebook, Yelp, Quora and Path, which are funded by Thiel list a college degree as a requirement in most of their job postings, as reported by Forbes. “It will be most interesting to do a study a year from now and see the success rate of these fellows. The deck is significantly tipped in their favor. They couldn’t get better hand holding and mentorship, and they have a big edge in raising funds. So their odds of success should be twice or thrice what is normal. But will they achieve this success?,” Vivek Wadhwa, a Tech entrepreneur and an active critic of the proposition comments about the future prospects of the drop out entrepreneurs being backed by Thiel.