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The Thiel Fellowship, 1517, and The Future of Education with Danielle Strachman and Mike Gibson

Village Global Podcast

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The Disadvantages of Starting a New University

I think just unfair advantages. There's a lot of unfair advantages there are other things like the network effect and the brand that I think are compelling to something like Harvard or Stanford. The fact that you have to start as a nonprofit as a for-profit that's a disadvantage If you do try to start out as a new university the accreditation process as a nightmare. In order to get accredited you have to hire PhDs as professors who are from accredited schools so this is constant incestuous intermingling it's really hard to do something. But if you look at the amount of debt that's accumulated up to that 1.6 trillion every year and you don't change the system it's

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