Here's what Piaw Na, a Xoogler, said about this piece-- it's worth quoting:
"When the Thiel Foundation came to a local startup incubator to pitch, it came under heavy fire. For one, a lot of their recruiting heavily targeted existing Ivy League/MIT/Caltech students. These were students who were going to do great regardless of whether or not they pursued traditional college paths.
In other words, if this is an attack on the traditional college path, Thiel's definitely sided with their filtering mechanisms.
One guy who was present said the following: "You guys denied admission to the program from the one candidate who was actually making money as an entrepreneur!"
"When the Thiel Foundation came to a local startup incubator to pitch, it came under heavy fire. For one, a lot of their recruiting heavily targeted existing Ivy League/MIT/Caltech students. These were students who were going to do great regardless of whether or not they pursued traditional college paths.
In other words, if this is an attack on the traditional college path, Thiel's definitely sided with their filtering mechanisms.
One guy who was present said the following: "You guys denied admission to the program from the one candidate who was actually making money as an entrepreneur!"