The Thiel Fellowship is just one example — albeit a highly visible and influential one — of a growing trend in the tech sector these days. Angel investors and Amazon Web Services are contributing to it, too: More people, often younger than before and with steadily less practical experience, are using less capital and fewer resources to start companies of their own.
I’m a crotchety old guy. I worry about all these new companies. I’m glad that they’re easier to start, but the problem is, they’re just as hard to finish as they have always been.
In this LinkedIn piece, Cloudera’s Mike Olson argues that education and experience (or what he calls “apprenticeship”) is paramount to not just starting a company, but being able to successfully manage it.