Huffington Post: Peter Thiel (former Paypal CEO) Is Simply Wrong

Though I somewhat agree with the premise, the author ruins all credibility with the statement 'such a decision is akin to buying a lottery ticket because somebody else just won a million-dollar prize'.

The success of a business is not a random event. It is a matter of learning and applying that learning to the development of a business.

University is not a necessity nor the only road to business success, and that is what Theil is proving. If a University education was an actual requirement, there wouldn't be so many successful business people without university degrees.

Where I think 20 under 20 fails is that the 20 entrepreneurs seem to feel that if they fail, they can always just go back to University. That isn't truly in the spirit of what Theil is trying to prove. But only time will tell how well it all works out.