Comments on: Billionaire College Dropouts http://cdevroe.com/links/no-college-billions/ Personal thoughts and notes. Mon, 13 Oct 2008 14:49:19 +0000 http://wordpress.org/?v=2.6 By: Myron A. Semack http://cdevroe.com/links/no-college-billions/#comment-143535 Myron A. Semack Fri, 04 Apr 2008 12:57:26 +0000 http://cdevroe.com/links/no-college-billions/#comment-143535 LOL. Actually, some people are starting to make repectable incomes in MMORPGs. So, there may be hope. :-) LOL. Actually, some people are starting to make repectable incomes in MMORPGs. So, there may be hope. :-)

]]> By: Colin Devroe http://cdevroe.com/links/no-college-billions/#comment-143247 Colin Devroe Thu, 03 Apr 2008 17:47:04 +0000 http://cdevroe.com/links/no-college-billions/#comment-143247 Myron: Is "doing nothing all day and playing video games" an emerging market? If it is, I'm latched. Myron: Is “doing nothing all day and playing video games” an emerging market? If it is, I’m latched.

]]> By: Myron A. Semack http://cdevroe.com/links/no-college-billions/#comment-143245 Myron A. Semack Thu, 03 Apr 2008 17:36:53 +0000 http://cdevroe.com/links/no-college-billions/#comment-143245 A lot of the guys on that were smart enough to get accepted into a good school. Bill Gates went to Harvard. That alone implies that they are smarted than about 99% of the general population. Also, the computer guys in the list (Gates, Allen, Jobs, Ellison, Dell) were all people who were involved at the dawn of the PC industry. Back then, it was an emerging market. I doubt you could start a new database company today (with no college education) and turn yourself into a billionaire. Kirk Kerkorian is another example. He got in early, before Las Vegas was developed, and rode the property values. If you want to be a billionaire drop-out, you need to find a new, untapped market and latch onto it. And it has to be a big market too (e.g. Personal Computers). You can probably make a good living of off something smaller, but you won't be a billionaire. Being in the right place at the right time is critical. So it recognizing the growth opportunities. You don't need a college education for either one. A lot of the guys on that were smart enough to get accepted into a good school. Bill Gates went to Harvard. That alone implies that they are smarted than about 99% of the general population.

Also, the computer guys in the list (Gates, Allen, Jobs, Ellison, Dell) were all people who were involved at the dawn of the PC industry. Back then, it was an emerging market. I doubt you could start a new database company today (with no college education) and turn yourself into a billionaire.

Kirk Kerkorian is another example. He got in early, before Las Vegas was developed, and rode the property values.

If you want to be a billionaire drop-out, you need to find a new, untapped market and latch onto it. And it has to be a big market too (e.g. Personal Computers). You can probably make a good living of off something smaller, but you won’t be a billionaire.

Being in the right place at the right time is critical. So it recognizing the growth opportunities. You don’t need a college education for either one.

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