PayPal Co-Founder Hands Out $100,000 Fellowships To Not Go To College
 

Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. Today his Thiel Foundation announced that it was giving 24 people under 20 $100,000 fellowships to drop out of school for two years to start a their own companies.

Some of the recipients are leaving first-rate institutions like Harvard and Stanford to take the fellowship. In a press release, the foundation's head, James O'Neill, said that in taking the fellowship they were "challenging the authority of the present and the familiar."


http://www.npr.org/blogs/thetwo-way/...-go-to-college

Cool idea. Pro-ball for the web.

Paypal can suck my cock.

Yeah, it sure can NOW.

It was a lot better when the original founders ran it.

It's not "Paypal" handing it out. It's the Co-Founder Peter Thiel.

I like it. Good for him.

interesting....but i think the super succesful dropouts are a small minority to the total amount who have dropped out

The problem, [Thiel] said, is that "in our society the default assumption is that everybody has to go to college."

many jobless with degrees out there... could be a catalyst to get more people creating businesses instead of always talking about them...

College is so 60's

I make more than most college graduates (probably close to 95%) and I never went to college.

Indeed. :thumbsup

I can see it. Hand the right person a wad of cash and they might just get lucky.

That's awesome, I believe a lot more in "going to college" as in building up real experience, knowledge, and connections jumping right into what you want to do right away. Not wasting what's possibly the most motivational and energetic years of your life partying, building debt, and being told what you should know.

I did school for 8 years, I can honestly recommend every parent to force their kid to college for 1 year and live in a dorm, give them full pay so they can see if they like classes.

2nd year make them move to a house with other friends, the best experience I got from my gazillion dollar education was learning how to live on my own and manage my life. Worth 100x more anything I learned in class, and the fun I had with my college friends and roomates is worth 10,000x more than anything I picked up in a class.

College is a complete waste of your money unless you are trying to do a very specific trade like engineering, doctor, astronaut. It is only there now because people think it's what you are just supposed to do after high school.


College is now the place that simply sells student loans and guarantees kids will never get out of debt for something they never really used.


I f I wasn't saving my wealth for my own kids, I Would gladly pay kids to drop out of school classes and live rent free for 2 years on campus.

Hmm, that's were my money is going from jacked paypal accounts :mad:

Why are they make this out to be some new thing nobody else is doing?!

This is a standard incubator. There are THOUSANDS of them around the world. Easy way to become an angel investor in the next big thing online... or thats what people think at least :)

Lets see if this works. This person is doing innovation, going out of the box you want to call it. He is thinking what other people never imagined before. When it's working, you will just say, why i didn't think of that? I got that in my head.

Perhaps you should compare to your highschool graduates thene :1orglaugh