I'll probably get flamed/negative karma for this, but here goes. I actually know the folks involved so I won't comment on any of the details. Anthony and Andrew are both doing their jobs. How well they are doing it is up to you to decide.

I will say that taking one startup's stumble, or even their eventual demise, as a data-point to slam a whole program is pretty harsh. I'm a Mentor for 20 Under 20 and I certainly don't think the mission is to get kids to drop out of college, but it's easy for the media to push this little sound bite. If you've meet any of the Fellows you would know they're out to change the world and would likely do so with or without Peter's money. Failure is the expected outcome for the vast majority of startups. All you Founders here know that, or will learn it first hand. Most of these kids have never failed at anything in their lives, and will unfortunately face these hard lessons in the public eye. It's really easy to criticize and grab pitchforks online.

You can think whatever you want about the situation at Airy Labs and you are entitled to your opinion of Andrew Hsu as well. But to try and lump all the other Fellows into this is unfair to them and quite disappointing.