it's founder is tim draper.pending millions starting this school. >> when i wanted to do is to create a school of a type that encouraged people to step out there and become heroes. to fail, fail again. until they succeed. >> the school held a program for some 40 students this summer each morning starts out with a pledge. >> he will make short term sacrifices for long term success. >> students sit on bean wags. there is yoga, go carts, kayaking, painting and survival contents.#c+l draper says these activities teach them to you take on challenges out in the real world. a few people will succeed. our goal to understand what it's like to fail and move on. >> students have to apply for the program, tuition is $7500. they're divided into teams. >> i think people working in teams do extraordinary things they won't do for themselves. >> they learn fundamentals of business and traditional classes and taught through lectures given by executives. >> the pilot program started with a panel of venture capitalists. a berkeley

it's founder tim draper who investments include hot mail, skype and tesla, now he is spending millionown money starting the school. >> what i wanted to do was create a school of type that encouraged people to step out there and become heroes. to stick their neck out. as we say in the credo to sail again until they succeed. >> it's not open yet but they held a pilot program for some 40 students this summer. >> my brand and network and reputation are paramount. >> each mornings starts out with super hero. >> i will treat people well. i will make short term sacrifices. >> students sit on beanbags. there is yoga and go-carts and painting and urban and survival classes. it teach them how to take on challenges. >> few people will succeed and many people will fail at. our goal really is for them to understand what it is like to fail. to move on. >> students have to apply for the program at tuition for $7500. they are divided into teams. >> i think people working in teams do extraordinary things. >> had he learn all the fundamentals, they are taught not by proves but by lectures. >> we are cr

it's founder, capitalist tim draper, whose list includes hotlift, skype and tesla and now he's spentfounding the new school. >> what i wanted to do was create a school of a type that encouraged people to step out there and become heros. to stick their neck out. as we say in the credo, to fail and fail again until they succeed. >> it's not open yet, but the school held a month-long pilot program for some 40 students this summer. >> my brand, my reputation are paramount. >> each morning starts out with a superhero pledge. >> i will treat people well. i will make short term sacrifices for long-term success. >> students sit on bean bags. the curriculum is just as unusual. there's yoga, go-carts, kayaking, painting, urban and rural survival contests. draper said these abc news tests teach them how to take on challenges out in the real world. >> a few people will succeed at and many people will fail at. our goal really is for them to understand what eats like to fail and to move on. >> students have to apply for the eight-week program with tuition at $7,500. they are divided into teams com

founder famed venture capitalist tim draper whose investment include had the mai mail. skype.. now he's spending millions of his own money starting the school. >> what i wanted to do was to create a school of a type that encouraged people to step out there and become heroes. to stick their neck out. to as we say in the credo to fail and fail again until they succeed. >>reporter: it's not open yet but the school held a month long pilot program for some 40 students this summer. >> my brand my network and my reputation are paramount. >>reporter: each morning starts out with a super hero pledge. >> i will treat people well. i will make short-term sacrifices for long-term success. >>reporter: students sit on bean bag. curriculum is just as unusual. there's yoga. go cart. kayaking. painting. rural survival contest. drairp says these activities teach them how to take on challenges out in the real world. >> few people will succeed at and many people will fail at and our goal really is for them to understand what it is like to fail and to move on. >>reporter: students have to aplay for

it's founder, can't hit tim draper whos less includes hot list, skype and now he's spent millions founding i wanted to do was create a school of a type that encouraged people to step out there and become heros. to stick their neck out. as we say in the credo, to fail and fail again until they succeed. >> it's not open yet but the school held a month-long pilot program for some 40 students this summer. >> our brand, my reputation are paramount. >> each morning starts out with a superhero pledge. >> i will treat people well. i will make short term sacrifices for long-term success. >> students sit on bean bags. the curriculum is just as unusual. there's yoga, go-carts, kayaking, painting, urban and rural survival con tests. draper said these abc news tests teach them how to take on challenges out in the real world. >> a few people will succeed at and many people will fail at. our goal really is for them to understand what eats like to fail and to move on. >> students have to apply for the eight-week program with tuition at $7,500. they are divided into teams competing against each other. >> i

speakers include aol founder steve case, tim draper. former u.s. chief information officer.this is about two hours. >> thank you so much for getting us started. thank you all for being here. it's really exciting to finally have this thing and we. we've been working on for an awfully long time. what we do at techonomy is mostly up to now it's been sort of retreat like invitation only, leaders thing in the desert and i would really want to get our message out in the broader community, particularly in the united states where we think there's some messages that are just not sufficiently understood. and that's what you, i hope you will be hearing throughout the day today. and the message is, these events are focused on four issues. u.s. competitiveness, the future of jobs, economic growth, which is adequate to the first to come and then the revival of our cities with detroit as case study number one. we are very proud to be in detroit because we see it as a great city has incredible potential that we just love to have help participate in the dialogue in order to move that process