Peter Thiel

Peter Thiel

20 Under 20 Documentary Highlights Entrepreneurial Potential of Education Dropouts

The recent documentary on CNBC, 20 Under 20: Transforming Tomorrow program, highlights an exciting shift in technology and education and it’s creating quite a stir. This program started when a visionary from Silicon Valley named Peter Thiel decided to undergo a search for the next generation of entrepreneurs. Mr. Thiel started a fellowship program where he offers the winning fellows $100,000 to drop out of college to pursue cutting edge business and technology opportunities.

The documentary tells the stories of the young men and women who are competing for the coveted prize. The most notable requirement of this program is that in order to become a Thiel Fellow you must walk away from your education to focus on entrepreneurship full time. There’s no secret that many successful entrepreneurs abandoned college to work on their passion full time. People like Michael Dell of Dell Computers, Mary Kay Ash of Mary Kay Cosmetics, Walt Disney, Henry Ford of Ford Motor Company, Steve Jobs and Bill Gates are just a few super successful examples who dropped out of school.

Some major breakthrough ideas are in the forefront and presented by finalists competing to become Thiel Fellows. The winning Thiel Fellows include Connor Zwick, who left Harvard behind to revolutionize America’s education system, Noor Siddiqui, who plans to lift one billion people out of poverty, and Tony Ho and Anand Gupta who think they’ve found a way to help doctors catch cancer before it’s too late. Read the rest of this entry »



Paypal Co-founder Gives $100K to College Dropouts

If you’re looking for a reason to drop out of college, then you may want to look to Peter Thiel. The co-founder of Paypal, and Facebook investor, is convincing some bright, young adults not to go to college. He gave out a $100,000 grant to 24 college-age entrepreneurs to pursue their business ventures.

“It’s good for some people, maybe most people to stay in school, but it is not good for everybody,” Thiel said. “There are people who are inventors, who are entrepreneurs for whom staying in school is not the right thing. And a lot of these ideas there’s a certain right time and place for when they should be built. And if people have a passionate, great idea that is going to change the world, they should get started on it right away.”

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