Going back to school is not identical with giving up. Some founders go back to school and keep working on the startup while there. However, those do so much worse than the people who work on the startup full-time that going back to school seems, in practice, not too far removed from a death sentence for a startup.<p>Off the top of my head, I'd guess we've had about 8 startups where the founders went back to school. It doesn't only happen with summer batches. Founders from winter batches do it too.<p>Usually the reason is that the startup isn't doing very well. However, that judgement depends a lot on how determined the founders are. One reason we now shy away from funding people still in school is that they often unconsciously want the startup to fail, because the idea of dropping out frightens them.<p>A lot of startups look bad after 3 months. Someone who's out of school and has to make it work or get a job in a cubicle will say "don't worry, we'll figure out how to make it successful."
There will invariably be those who don't see the success they set out for, and they fall back to their original path. <p>That's why a founder's commitment is so critical. When your one plan is to become a startup founder, regardless of school or any other factors, you will do your damndest to make something of value and succeed. It's part _doing_ it better than the next guy and _wanting_ it more than the next guy.
For me school is a way to be connected to what is going on in the "real world". I entered school thinking it is EITHER school or entrepreneurship. But in last year my views have changed. I really think there is a middle path where you do JUST enough to stay in school all the while trying out new ventures. (May be the Steve Jobs route?)<p>School is an awesome platform to launch your site off and get quick feedback - ESPECIALLY if your venture fits in with the social networking ecosystem.
I guess it really depends on how hungry you are and how much you believe in your product. I'm only 24 and still in school as of the moment, yet I'm more than willing to leave school in order to initiate my start up. Come to think of it, I'm willing to travel half the world just to get advice and connections from YC.