Because Some Students At Stanford Go To Startups, That Somehow Means Stanford Is No Longer A University?
from the huh? dept
First off, I should note that I like Nick Thompson, the editor of The New Yorker's website. I thought he was great back when he was at Wired, and later when he was an editor for The New Yorker magazine as well. So I'm a bit perplexed by his recent blog post bemoaning the fact that some students at Stanford drop out to do startups and that those startups often have strong ties to Stanford. I should note that I've got no personal connection to Stanford (though it appears Thompson is an alum). However, I'm really struggling to see what the problem is. Having real world skills and being able to do something with them seems like a good thing. Having a university right in the heart of Silicon Valley with close ties to Silicon Valley seems worthwhile.The article even mentions how this has historically been the case as well, as many of Silicon Valley's most successful companies have close ties to Stanford, going back to Federal Telegraph and Hewlett Packard -- often considered the two "founding" tech companies of Silicon Valley. But where things get really confusing is that Thompson seems to leap from the idea that some rather small percentage of students have created startups, with a few of them having close connections to faculty and administrators, to the idea that this is some sort of "requirement" for students at Stanford:
But what’s the point of having a great university among the palm trees if students feel like they have to treat their professors as potential investors, found companies before they can legally drink, and drop out in an effort to get rich fast? Shouldn't it be a place to drift, to think, to read, to meet new people, and to work at whatever inspires you? And Stanford has, in its day, produced a great variety of graduates: compost-flipping hippies, novelists, politicians, liberal firebrands, conservative firebrands, brilliant dropouts, and, of course, athletes.All I can say is... huh? At what point are students forced to do all of that stuff? It certainly looks like a few (a very small number of total enrolled) students are choosing to go down that path, and that's fine for them. But there is no indication that many other students feel the need to do any of the things Thompson suggests.
Making this even more bizarre is the fact that Thompson himself is an entrepreneur. His own bio notes that he's a co-founder of Atavist, a digital publishing platform with investments from some of the top Silicon Valley investors: Eric Schmidt, Andreessen Horowitz, IAC and Founders' Fund. Should we question if it's bad for The New Yorker that one of its editors is also treating possible subjects as potential investors, and isn't living the carefree, ideologically pure life of a magazine editor? Of course not. But it seems odd that he'd then complain about students in a similar situation.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Filed Under: silicon valley, stanford, startups
Reader Comments
Subscribe: RSS
View by: Time | Thread
[ link to this | view in thread ]
Re:
Bear in mind, of course that just because someone who drops out starts up a company, does not mean they dropped out specifically to start a company. Perhaps they were failing, perhaps they didn't like Stanford, maybe they couldn't deal with the debt, there are a million reasons. Correlation does not imply causation.
Personally, I think its foolish to leave school without obtaining a degree, otherwise, whats the point? There are other, cheaper ways to network, and to learn how to run a business.
[ link to this | view in thread ]
This reads more like 'Damn kids need to go back and be lazy, you can't even drink yet and I'm having to compete with you for investors. Go away and be a hippy or some kind of non-competitive slacker'
[ link to this | view in thread ]
Conflict of interest
And... I see now that Thompson has a follow-up post ( http://www.newyorker.com/online/blogs/elements/2013/04/the-end-of-stanford-part-ii.html ) that ends with "When the needs of education conflict with the prerogatives of headlong enrichment, which will Stanford choose?"
[ link to this | view in thread ]
Stanford as employment prescreen
[ link to this | view in thread ]
Centralized power
[ link to this | view in thread ]
Startups are not fast money
What benefit would these students receive from finishing a higher degree if their startup is successful? Is the founder of a company's salary dependent on their degree like a typical employee? Is the additional student loan debt worth it? Is it not possible for them to go back to university to finish a degree if they are not successful? Did they not learn enough already to be successful? Do they not learn from direct work experience as well?
I argue that a significant success rate at forming startups shows the strength of the university's teaching. Education is very important, but there are many sources of knowledge in this world and it is not the sole domain of educational institutions.
Does that mean a degree is worthless? I hope not, as I worked hard for my Masters degree. I just don't believe it is the sole measure of knowledge or intelligence.
[ link to this | view in thread ]
Re: Centralized power
[ link to this | view in thread ]
Re: Conflict of interest
[ link to this | view in thread ]
Stanford
http://www.newyorker.com/online/blogs/elements/2013/04/the-end-of-stanford-part-ii.html
[ link to this | view in thread ]