What Happens When You Give Whiz Kids $100K To Quit College, Start Business?

Photo by AMagill

Fast Company:

They’re all getting two years of mentoring from a network of tech and entrepreneurial experts and $100,000 to start a business. The benefactor? PayPal founder, early Facebook investor, and Stanford’s least favorite alumnus, Peter Thiel. Least favorite because Thiel has been making waves by arguing that college is an overhyped, overpriced bubble, and that the world needs better ways to recognize young talent. It’s all been great fodder for debate, but little more.

Until today. Thiel just put a bit of his money where his active mouth is.

He’s requiring his “20 under 20” entrepreneurs (24 including some teams) to stop out of college while they pursue their dreams. Fittingly, a fourth of the proposals are in the fields of education or career development, while the others encompass a range of trendy fields.

Photo by AMagill.


Featured Opportunities

Related Stories

Comments are closed.