Successful entrepreneurs must understand they’re the minority. Most businesses fail and most 18 year-olds don’t have what it takes to start, let alone run their own business. I certainly would have been lost at that age trying to make a go at it on my own.
I get what Ohanian is trying to say here. There are plenty of problems with the higher education system. It’s too expensive. Most students aren’t given enough guidance in terms of how their preferred area of study will lead to actual employment or how much that employment will pay. Student loans can also be a huge burden after school for many.
In many ways, much like personal finance, people are mostly on their own when it comes to figuring these things out, which is a shame.
And then there’s the fact that it’s a tad ridiculous that so many employers require a college degree to even be considered for a position in the first place. Unfortunately, just because the current system isn’t perfect doesn’t mean young people can avoid it all together.