Alpha School is starting a new high school that gives students their $150k/ year tuition back if they haven't hit $1M in gross profit by graduation.
The idea came from students saying an entrepreneurship-focused education would be the best high school experience they could imagine having.
@nateliason tells the story:
"Nobody really doubts that a sophomore at Stanford can drop out and build a million or billion dollar business. So why can't a 17- or 18-year-old?"
"Working back from that, we said, 'You get this incredible network at a place like Stanford of other students who could be your co-founders who you can work with and be motivated by. You get these incredible mentors who come in and talk to you, give you some advice, or just inspire you around what's possible.'"
"There's functionally no reason we can't pull that back down to the high school level, especially considering that these kids get like five hours in the afternoon after they've finished their academics."
"So that's 4,000 plus hours over four years. And if you just cut out all the things that people usually end up wasting time on, or don't have the resources to figure out, it is eminently doable to get somebody to $1M by the time they graduate high school."