Word: dropouts
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Pittsburgh venture capitalists wanted nothing to do with it. Despite Kirila's charisma and his successful start-up, they saw in him a college dropout from a depressed steel valley. He faced an age-old paradox: his idea was too big to get funded, but he couldn't prove its worth unless he had the millions to start building stuff...
...because of poor schools and illiterate parents. "We believe that education and the ability to read are the core of anyone's life--their economic life and social enjoyment," says Jim. "Your third-grade reading level is so important. It is the No. 1 early predictor of high school dropout rates." If you can't read, you can't learn social studies, science or history, he notes...
...product, you quickly become very visible: warehouses, trucks, employee payrolls--it all adds up. The sweet charm of piracy is free, daring little "us" vs. big nasty "them." But any "us" that gets large enough is automatically a "them." Bill Gates was once a hippie programmer, a college dropout from Seattle. But a hippie with a billion dollars is no longer a hippie; he's a billionaire. A hippie with $50 billion is considered a trust...
...Everyone seemed to agree this was the best way to deal with low attendance and high dropout rates. The downsized council will debut next year, with only three members per House...
...first is money. Narayanamurti mentioned Harvard's wealthiest dropout, William H. Gates III, Class of 1977, as illustrating the principle that a student who wishes to devote time and energy to an entrepreneurial project should be able to do so within the framework of the College and should not feel forced to leave. Indeed, M.I.T. and Harvard have been the recipients of $20 million donations from Gates and from Steven A. Ballmer '77; there is no question that nurturing successful entrepreneurs could result in a remarkable return on the College's investment...