Here's the other thing: the college is obsolete folks are targeting the wrong people. Thiel encourages smart kids not to go to college, then asks why we have twitter rather than flying cars. But we've yet to devise an alternative to the educational military industrial complex for capital intensive innovation (flying cars). Elon Musk isn't hiring a bunch of people without college educations to work at Tesla or Space X. Thiel fellows aren't going to perfect nuclear fusion or carbon capture.
The people who shouldn't be going to college are the non elite. We need Thiel fellowships for people who would be going to Perimeter State, not Stanford.