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Forgo College for $100,000

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  • Description

    20 Under 20 winner Dale Stephens breaks down the idea that won him $100,000 not to go college.

  • Duration 3:54
  • Date

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This transcript is automatically generated

Now let -- something special ways and just.

Our next guest just won a scholarship -- to go to college.

He's getting a 100000 dollars to start his own business instead.

Nineteen year old -- those -- joins us right here in new you'll they'll welcome the program and congratulations.

Thank you you don't wanna go to college.

I actually left college before I found out -- I had.

One the -- I consider the opportunity cost of going to class too high so did you actually go through graduate college notes I I I went to college for eight months you left after eight months and even finished behind.

And my first year.

It came to a point where they were too many -- answer to many phone calls to make too many lines of -- -- right.

Now -- you won a scholarship from an organization founded by the co-founder all paper now.

That's where the money came from.

Offering a 100000 dollars to 24 -- -- Not to go to college start your own business instead -- you have started your own business yes so I'm building a platform called -- matter which is a product to enable people to bypass the college -- system.

-- Bypassed the college degree system.

So colleges have this monopoly on our accreditation we go to college because we need a degree employers and that a degree is what's requisite for success.

And what we want to do is -- -- people to create digital portfolios to demonstrate their talent.

So they can connect life -- learning experiences whether it's what you learned of the class and what you learn in your trip to Florida for the wedding -- -- organized here from with a thousand people.

Directly to opportunities like jobs -- and -- and you started this company we are currently in the development process that are in some talks with some big name corporations a sign on -- hopefully it should be we're we're launching.

Beta test by the end of this you realize that what you're saying is anathema.

Two very large numbers of middle class parents who think that.

Johnny and Susie they got to go to college because that's the American way that's how you get to success you'll you'll shattering that whole idea.

And I I came from that -- -- I was I was on the school before college I have been learning outside of the academic contacts indirect land mine on education.

Yet I still -- assumed that going to college was the path to professional success would you describe yourself as a capitalist.

A social capitalist I don't values that -- I think that it's more than about just creating economic value I think it's about creating social and we've got sort of a creative economy these -- And -- -- it nineteen did you vote in the 2008 election yes but not.

08.

Net that was not need to devote intense -- Yes but I think there is a very postal question -- -- affluence in it did you vote.

Green -- the ones.

I think that we've got this and we've got this two party system I'm just completely tired of this well this program for -- speculative cream -- I think what's.

I'm just I'm I'm I'm tired of having a two party system I think that we need more than two parties you what coalition government could -- -- European.

Actually you're terrific -- Stephens we congratulate you I think -- doing exactly the right thing and that we applaud it sincerely that we.

You don't you don't you don't you don't -- now.

You know approve of this I don't know I don't know another respect I don't Stuart what happens to history and literature and all the that this thing is that these countries were founded on what -- -- that you're never gonna -- -- There're there are ways to learn outside the -- additional academic content that you understand that if you need.

I mean it takes a lot of initiative to go out and learn about World War II on your own this is why we go to -- so that we are smart country not just a capitalist.

You know I thought I was in control of the scenario without -- this man both from the green body and -- -- go out and I mean you know.

-- -- excellent -- -- -- again we appreciate you being with us and congratulations but it.

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