April 22, 2013
By Michael Carney
Tim Draper’s children may all be out of the house already, but if they were in high school today, he says that he’d have a hard time advising them to go to a traditional four year university. As the founder and a Managing Director of Draper Fisher Jurvetson (DFJ), the third generation Silicon Valley VC has been investing in college grads (and dropouts) for nearly three decades. And he thinks that higher education is broken.
“Education has to think about renovating itself,” Draper says. “People are concerned about cost, how long it takes, and how unprepared graduates are when they get to the workforce. Training has been so rote, that it rarely prepares people for the unexpected, for change, for experimentation.”
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