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Paper Belt on Fire: How Renegade Investors Sparked a Revolt Against the University Kindle Edition
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Written by a successful venture capitalist (and university dropout), this book is part memoir, part guide for the next generation of innovators who seek an alternative to the traditional path in higher education.
“Part adventure tale, part manifesto, Paper Belt on Fire is a battle cry for anyone who ever dreamed of wresting power back from corrupt institutions—or of nailing the truth to the cathedral door.”
—Peter Thiel, author of Zero to One
Paper Belt on Fire is the unlikely account of how two outsiders with no experience in finance—a charter school principal and defrocked philosopher—start a venture capital fund to short the higher education bubble. Against the contempt of the education establishment, they discover, mentor, and back the leading lights in the next generation of dropout innovators and in the end make their investors millions.
Can such a madcap strategy help renew American creativity? Who would do such a thing?
This story is the behind-the-scenes romp of one team that threw educational authorities into a panic. It fuses real-life personal drama with history, science, and philosophy to show how higher education and other institutions must evolve to meet the dire challenges of tomorrow.
- LanguageEnglish
- PublisherEncounter Books
- Publication dateNovember 29, 2022
- File size3597 KB
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Editorial Reviews
About the Author
Michael Gibson is the co-founder of the venture capital fund 1517, which is devoted to backing dropouts and people who never stepped foot on a college campus. Before his academic apostasy, he was working towards a doctorate in philosophy at the University of Oxford. He has written on innovation and technology for MIT’s Technology Review, National Review, the Atlantic, and City Journal.
--This text refers to the hardcover edition.Review
“Part adventure tale, part manifesto, Paper Belt on Fire is a battle cry for anyone who ever dreamed of wresting power back from corrupt institutions—or of nailing the truth to the cathedral door.”
—Peter Thiel, author of Zero to One
“Michael Gibson has spearheaded a recent revolution in education, and how to turn it into true learning and achievement. Paper Belt on Fire gives an inside look at how this was accomplished, the people behind the story, and how and why America can do better.”
—Tyler Cowen, author of The Great Stagnation and professor of economics, George Mason University
“Paper Belt on Fire is both an indictment of failing institutions and a behind-the-scenes adventure about the mischief-makers fighting to renew America’s dynamism.”
—Marc Andreessen, co-founder of Netscape and Andreessen Horowitz
Product details
- ASIN : B099FZR4C3
- Publisher : Encounter Books (November 29, 2022)
- Publication date : November 29, 2022
- Language : English
- File size : 3597 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 383 pages
- Page numbers source ISBN : 164177245X
- Best Sellers Rank: #774,951 in Kindle Store (See Top 100 in Kindle Store)
- #154 in Biographies of Educators (Kindle Store)
- #322 in Education Philosophy & Social Aspects
- #703 in Educator Biographies
- Customer Reviews:
About the author

Michael Gibson is co-founder of the 1517 Fund, a venture capital fund investing in teams led by dropouts, the uncredentialed, and renegade scientists. Previously he was vice president for grants at the Thiel Foundation and a principal at Thiel Capital, where he helped launch and run the Thiel Fellowship. He has written on innovation and technology for MIT’s Technology Review, the Atlantic, National Review, and City Journal.
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A title as punchy and forthright as “Paper Belt on Fire” sets a high bar, but make no mistake: Gibson clears it with ease and then some. Like the work of a good magician, "Paper Belt on Fire" is so readable you might miss the tells of Gibson’s skill: his ability to advance an argument persuasively but not forcefully, to lure you into his Weltanschauung without your even noticing it, to carefully weave in his quest to uncover the secrets surrounding the mysterious death of his biological father, as well as to present his own autobiographical details and narrative arc without it at all coming across as a dull recitation of facts. Together, this skillset, combined with Gibson's wit, charisma, and occasional artistic sweeps toward Kerouac, the philosophy of stoicism, and lessons of Thucydides, as well as his own highly singular life experiences, make the experience of reading "Paper Belt on Fire" an up-close-and-personal view of his narrative, as he brings the reader alongside him, shoulder-to-shoulder as he crisscrosses the country on nothing but a shoestring and the biggest hope of all -- the discovery of talent that will change the world. A writer who can pull off any one of these is decent, but a writer who can do all of them, and in the same book too, is a master. You’re unlikely to find another book out there on Amazon that encompasses all of the same ground as "Paper Belt on Fire" and Gibson may be the first explorer in a new style of a fresh, modern, Neo-Gonzo-esque non-fiction.
"Paper Belt on Fire" is, first and foremost, Gibson’s memoir, largely focused on telling the story of his work with the Thiel Fellowship, the infamous stipend-for-dropouts fund started by the entrepreneur-investor Peter Thiel, and then Gibson's own spin-off in that same vein in starting his own 1517 Fund. Thiel himself appears here and there as a sort of figure in the background occasionally offering Gibson – and by extension the reader – wise words of advice, but the reader’s main task is to follow Gibson as a kind of Bilbo Baggins off on many different adventures meeting all kinds of people as well as joining him on occasional forays sneaking off into Gibson's most intensely personal project. It's a whirlwind -- the best kind. Gibson's certainly no wallflower, making him an entertaining companion throughout his own narrative. As he relays in the book, Gibson is the kind of person who would not only ask a college to invest in an anti-college fund, but seek to persuade them to do so while also ripping apart their business model. If that isn’t the American way, then I don’t know what is.
"Paper Belt on Fire" is an adroitly woven story with never a dull moment. But, most importantly, it really speaks to charisma of Gibson himself, as a writer, an investor, and an individual. To me, it seems no wonder that Thiel and Gibson would have had such a natural friendship and productive working relationship. Thiel's penchant for discovering secrets is well-known and thoroughly discussed in his own book "Zero to One", while Gibson's own childhood and upbringing is haunted by a knot of secrets that he is trying to unravel throughout the telling of "Paper Belt on Fire". What's more is the telling connection between Gibson's secret -- a hunt for one single key piece of paper that will uncover the truth of his father's death -- juxtaposed against his own book called "Paper Belt on Fire" and his manifesto to end the systems of "paper" that act as a form of "neo-indulgences" by which entree in society is determined. By the end of the book, although it's not directly stated, one senses that Gibson perhaps realized that no paper was ever really needed, and that Gibson's own life has been the good fruit of his father. We'll learn that his father may have worked in the realm of governments and political change, but Gibson's work with the Thiel Fellowship and with 1517 Fund, as described in "Paper Belt on Fire", stands on the shoulders of his father as he works in the higher realms of innovation, technology, and indelibly changing the world. In many ways, Gibson seems his biological father's natural successor, and his book seems a fitting answer to his own personal quest, where actions in our lives lived mean far more than any scrap of paper can tell us.
"Paper Belt on Fire" is a page-turner must-read, just for its author alone and his skill. But be warned: you might find yourself inspired by Gibson’s anarcho-chic charm, and after spending so much up-close-and-personal time with such a compelling and charismatic writer, you might also find yourself staring down at all the old, sclerotic institutions that obstruct human progress and the birth of the future, maybe even a little itchy with the matches.
The 1517 fund is the most important thing that anyone is doing about it. This book tells that story—brilliantly.
It tells the story of the 1517 founders, Michael and Danielle. They are a former PhD student and a former school principal, two people who care a lot about teaching and students, and whom you might expect to believe every dogma about “elite” institutions. But instead they are driven by their shared realization that our educational system is broken and deranged. They know better than anyone, and the book explains, that there is no substance behind the dogmas that everyone repeats about the value and necessity of conventional-track education. But they are not just critics. They are problem solvers who are acting in the real world. The 1517 fund saves people from that conventional-track education and launches them to greatness.
The book also tells the story of the young people whom 1517 has discovered and invested in. Young misfits with great ideas, bursting with energy to bring their brilliance to bear on the world but unable to find any support or affirmation. These are incredible people who live among us and who have ideas that can change the world. Thanks to 1517, they are given what they need to so. And their success is astounding.
The only people who are unhappy at this development are the stodgy leaders of the failed and decadent institutions who condemn 1517 for heresy. But some heresies are true and urgently important, as you will agree after reading this book.
I've had a front-row seat watching many of the stories in this book unfold (disclosure that I've had the pleasure to work at 1517 for the last few years) and Michael's style not only captures the absurdity and reality of so many of these situations so well, it captures it in a way that makes you want to keep reading every page even though you know exactly what comes next.
I was trying to put my finger on Michael's style recently. His narrative nonfiction always grabs the attention in a way that so few are able to successfully do. And he's able to craft such an interesting story with details that others would otherwise ignore or gloss over.
Then it hit me: it's Tom Wolfe.
This book reads just like the narrative nonfiction style of greats such as From Bauhaus to Our House or The Right Stuff. Sure, The Right Stuff is ostensibly about going to space but it is really, actually about heroism and adventure and the men who have, well, the right stuff to take on that challenge.
In the same way, this book is about technology and credentialism and stagnation on the surface. Below that surface, there's a story about the people it takes to set the Paper Belt on fire and ignite a whole new generation of adventuring problem solvers, scientists, innovators, and founders. It's a journey to the edge of what is possible -- really, truly possible because it has been seen by Michael's own eyes -- and back.
Put down the exposes written by "experts" from the outside looking in and pick up this book if you want a real adventure from those lighting that Paper Belt on Fire.
Reviewed in the United States 🇺🇸 on November 29, 2022
I've had a front-row seat watching many of the stories in this book unfold (disclosure that I've had the pleasure to work at 1517 for the last few years) and Michael's style not only captures the absurdity and reality of so many of these situations so well, it captures it in a way that makes you want to keep reading every page even though you know exactly what comes next.
I was trying to put my finger on Michael's style recently. His narrative nonfiction always grabs the attention in a way that so few are able to successfully do. And he's able to craft such an interesting story with details that others would otherwise ignore or gloss over.
Then it hit me: it's Tom Wolfe.
This book reads just like the narrative nonfiction style of greats such as From Bauhaus to Our House or The Right Stuff. Sure, The Right Stuff is ostensibly about going to space but it is really, actually about heroism and adventure and the men who have, well, the right stuff to take on that challenge.
In the same way, this book is about technology and credentialism and stagnation on the surface. Below that surface, there's a story about the people it takes to set the Paper Belt on fire and ignite a whole new generation of adventuring problem solvers, scientists, innovators, and founders. It's a journey to the edge of what is possible -- really, truly possible because it has been seen by Michael's own eyes -- and back.
Put down the exposes written by "experts" from the outside looking in and pick up this book if you want a real adventure from those lighting that Paper Belt on Fire.
Top reviews from other countries
The book stands out as poetically written, but that poetry (as all good poetry) speaks of people and what they are like in real life. The life not speculated over in tabloid publications masquerading as journalism.
As all good stories, Paper Belt on Fire has anecdotes and re-telling of some key moments in recent innovator/founder/funder history.
At its core, this book is a thought-provoking exploration of the intersection of technology and society, and how advancements in science and engineering can lead to incredible progress and opportunities for growth. Gibson weaves together a diverse array of topics, from self-driving cars to analysing research papers of academics on the average age of inventors, to paint a vivid picture of history, the future, and the potential future holds.
But beyond the discussions of technology and its potential, Paper Belt on Fire also delves into the human stories behind the innovations. Gibson does a fantastic job of bringing to life the personalities and motivations of the entrepreneurs and visionaries who are driving these exciting advancements.
Michael will take you through an exciting and thought-provoking adventure that will leave you asking many questions about the current education system and society.








