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In 2005 and 2007, respectively, Systrom and Krieger were awarded Mayfield fellowships. (Only a dozen upperclassmen are chosen each year.) In an intense nine-month work-study program, fellows immerse themselves in the theoretical study of entrepreneurship, innovation, and leadership, and work during the summer in a Valley start-up.
NEWYORKER: Get Rich U.
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Last year, the Department for Children, Schools and Families introduced the Diploma qualification in England which combines theoretical study with practical experience.
BBC: Q&A: Life in a harsh jobs market
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Instead, when working alone you can treat the assignment as a theoretical exercise, like a B-school case study to turn in to the professor.
FORBES: Why Smart People Can Be Stupid About Asking For Help