Probability of Success Based on Education Level

by VentureDig on April 11, 2009

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So, essentially, your best bet in succeeding as an entrepreneur is to:

  • Be a high school dropout
  • Graduate from high school
  • Attend an art academy or technical trade school
  • Drop out of a PhD

This data is wholly subjective; with the entrepreneurs I’ve met (based on life experience), I would suggest this to be true. But I don’t have the data, so I can’t. Regardless, I think it’s true, so it is.

Although I’m a huge fan of education (if you’re interested in the subject area), there’s definitely a fall-off when it comes to preparing students for the real world.

I definitely think universities have it right by allowing  students to specialize; however, high school is still falling behind.

Regardless of your education level, be the exception. I know PhD’s, lawyers, scientists and venture capitalists. Most of them have one regret: they didn’t take any risks in their life.

At a certain point in life, everyone looks back and thinks,”I wish I was more risk-tolerant. I wish I did what I love. I wish I had the balls to try something, while staring the probability of failure in the face.”

Don’t be that person.

Even if you’re thinking, yeah, but I have a wife, and a family to take care of. I can’t afford to take risks. Great, congratulations–same here. But do it anyways.

If you can’t figure out a way to monetize what you’re good at, then you’re not trying.

{ 2 comments… read them below or add one }

swards April 11, 2009 at

It looks like these are percentages (adding up to 1.00) – How do you interpret this as a probability of success?

Billy B April 15, 2009 at

If it is a comparative probability than “percentages” make sense…

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