For most people, school accelerates us towards our goals. For some prodigal, break-out brilliant thinkers, school is a speedbump.
At least that’s the philosophy behind the Thiel Foundation’s 20 Under 20 Fellowship program, which announced its latest class of participants today. Peter Thiel, who established and funds the foundation, became something of a startup legend for co-founding PayPal and Palantir Technologies. He was also the first outside investor in Facebook and has since co-founded and manages the elite Silicon Valley venture capital firm Founders Fund.
The 20 teens chosen as Thiel Fellows are each awarded $100,000 over two years to launch their business ideas, but must drop out of college. While they are expected to be largely self-guided in their pursuits, they are given top-tier mentorship and guidance from former Fellows and other entrepreneurs and investors. They are also encouraged, but not required, to move to the San Francisco area.
Culled from www.entrepreneur.com
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