
Peter Thiel calls it "a battle cry" against corrupt institutions. "Paper Belt on Fire" chronicles Michael Gibson's revolutionary 1517 Fund, which backed dropouts over degrees - culminating in a $3 billion IPO. What if universities are selling modern indulgences?
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What if the next Einstein is a teenager in Nebraska who should skip Harvard altogether? This provocative question sits at the heart of Michael Gibson's revolutionary thesis. After helping launch Peter Thiel's controversial fellowship that pays students $100,000 to drop out of college, Gibson went on to co-found 1517 Fund, backing college dropouts whose companies are now collectively worth over $10 billion. Meanwhile, elite universities hoard $800 billion in endowments while increasingly functioning as modern monasteries-preserving knowledge rather than creating it. The traditional path through prestigious institutions might actually be stifling our most brilliant minds.
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From Columbia University alumni built in San Francisco

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