Bill Gurley

One thing that I think, especially with the modern young people, I think one problem that I think exists, because we've built this... I call it in my book, A Conveyor Belt...

Jonathan Haidt called it a resume arms race.

We've built this pipeline for these kids that's so intense.

I think when they get to their first job, they feel like it's the result of all this investment, and they feel like tweaking any way away from that is throwing away the investment.

Does that make sense?

Yes, yes, yes.

I invested all of this to get to this college, to get to this degree.

And if I move away from that, did I just waste all that time?

And, you know, this is despite the fact that in, there's a lot of studies that have been done, like, I won't get the numbers exactly right, but like five years after college, 40% of people are no longer working in the field that was their major.

Yes.

And that number gets bigger at 10.

But it doesn't mean that they don't feel trapped or that that number might not be higher if they didn't feel trapped.

And when I mention this to young people, there is this weight.

There is this weight they feel.

like an obligation to, especially maybe- Decisions that they locked in when they were 17.

Yeah, well, and that's another thing.

When I was younger, the colleges wouldn't let you declare a major until the end of your sophomore year.

Many schools, you have to apply to the major now.

So we've moved the decision of what major you're going to pick from the end of your sophomore year to the end of your junior year in high school.

Mm-hmm.