Business Insider
Tim Draper
That's why he launched a school for young, would-be entrepreneurs called Draper University of Heroes, he tells Business Insider, which he turned into a reality TV show last year.
The show, Startup U, failed to attract an audience, was dropped from Prime Time, and there's no word yet if ABC will renew it or not.
But even if students won't appear on TV, Draper has a new plan for the school. He just added a new nine month program to the curriculum, starting in the fall, which he views as an alternative to a master's degree.
This is in addition to the school's classic two months of "hero training" offered since it launched three years ago.
There's a reason he calls it "hero training." Before you can become the next Steve Jobs, you have to learn to be tough. Navy Seal tough.
Days of survival training
Hero training includes "four days of survival training with military teams. We have Navy Seal special forces and Army Rangers that take them to real survival training," Draper says.
Athit Perawongmetha/REUTERS
"There's another couple of days in the two months of hero training that's Urban Survival training," Draper explains. Students have to go out and "sell something embarrassing, or go to San Francisco and come back with a job offer, on paper, in 24 hours."
That job offer gives them the confidence that they can always quickly get a job, he says.
As Draper explains, "How to create a Steve Jobs? It's a way of thinking." The school admits people "that have that spark and we create an environment that ignites that spark."
$12,000 - $40,000
Once the students have learned how to survive they are ready to learn about the tech industry Draper U, style. The nine-month program will include learning about the newest, buzziest technologies.
Tim Neely/ABC Family
A wet Tim Draper surrounded by students in the Startup U reality TV show
They'll also draft a business plan, turn that plan into a pitch deck and turn the pitch deck into a two-minute presentation and pitch it to "between 30 and 50 VCs" including Draper, he says.
He's dedicated a $1 million fund to invest seed money in startup ideas from the class, too, he says.
But it's not a scholarship program. The two-month hero training costs $12,000. The full nine month program costs $40,000, Draper tells us.
Draper himself calls it an alternative to traditional school. That's important. This is not an accredited school. Students who finish the program do not earn an accredited degree.
Just to compare, many accredited universities charge about $40,000 to earn a bona-fide masters degree.
Draper defends his school
Draper U has been controversial in its three years. While some students have posted glowing reviews of it on Yelp, some have given it bad reviews.
Draper explains, "We definitely get mixed reviews. Our training is not for everybody."
And The Verge's Russell Brandom once called the school a BA in BS.
Draper points to the alumni success stories as proof of the school's value. Draper U has had over 500 alumni from 53 countries who have created 200 startups and landed a total of $22 million in funding, he says.
He points to startups like biomedical startup nVision and conference tech firm Loopd, as examples of alumni startups that got funding.
Not that Draper is worried about controversy.
He's also come up with a plan to turn California into six states, once offered to make a large charitable donation if people watched his reality TV show, bought a huge stash of Bitcoin auctioned by the government after seizing black market site Silk Road, and is fond of making large public bets.