We’re finishing up our Praxis company retreat in Charleston today. Since we’ve grown, we wanted a new photo for the website, which Chuck Grimmett took the other evening. We don’t look it *besides Cameron’s nipple* but we were all freezing.
Being in Charleston this week with everyone has been a good reminder of why we do what we do. I was sitting with Cameron last night having a drink and reminiscing about the past three years. A lot has changed about our product but what hasn’t changed a bit is our total and complete belief that college is a monumental rip-off for the vast majority of people who go.
I think Silicon Valley’s Peter Gregory (RIP) says it best:
PETER GREGORY: Gates. Ellison. Jobs. Dell. All dropped out of college. Silicon Valley is the cradle of innovation because of dropouts. College has become a cruel, expensive joke on the poor and the middle class that benefits only the perpetrators of it – the bloated administrators.
HECKLER: The true value of a college education is intangible!
GREGORY: The true value of snake oil is intangible as well.
We’re at a curious stage in our growth right now. Things are going well but like most companies that reach our level, we’re trying to figure out what we can do to 10x our product quality and customers. There are no clear answers, but in the end of the day, I’m proud of what we’ve done.
Over the last few years we’ve helped hundreds of people escape the college conveyor belt and build lives and careers at a much earlier age than you’d traditionally think was possible.
“Case studies” include Charles Porges, who left high school to join Praxis, was told by his teacher that he’d amount to nothing, and now makes fantastic money at a startup in Atlanta, James Walpole who skipped college and runs marketing at BitPay, the world’s best Bitcoin (BCH) payment processor, and Lydia Hodgson, who spent time after high school traveling and now works at GoRealty in Pittsburgh without a degree.
A few years ago T.K. said that “we are pioneers of the inevitable.” I think that’s true.
We’ve successfully proven that a profitable business can be built as a 10x better replacement to college and that there is at least a decent market of young people who are being held back by traditional schooling.
It’s been one of the best experiences of my life.