Friday, December 14, 2007

Post Grad thoughts

On a different academic note: did you hear about many of the Ivy's and some of the richer small northeast liberal arts schools are aiming at eventually letting students attend for free if their families are not in the top 5% (200K/year) of wage earners.  That means if your folks make 150k you would still go for free!! To Harvard etc.! Pretty crazy.  Right now, the benchmark is only at like $75K/year but they're working their way up.  Harvard's endowment is at $30 billion!  Or around there.  And their fund manager's have been averaging annualized return of 20%.  No more bugging alumni for bake sale money.   
(toward) true meritocracy.  
 
ps.  I have a GREAT idea.  But I can't tell you.  Loose lips sink ships.  Its a product this time.  Small initial setup costs.  Small scale to begin with won't hurt profit margins (in fact, might even help), but also scalable.  New, successful and growing sector.  Man, I wish I could tell you about it..