In an apparent hunt for the next Mark Zuckerberg or Bill Gates (both famously college dropouts), Peter Thiel, the co-founder of PayPal, will pay 24 college-aged students $100,000 to not attend college for two years. Instead, the students will spend their time developing business ideas in areas such as biotechnology, education and energy.
Of the 400 entrepreneurial-minded applicants, the 24 winners, who are all 20-years-old or younger, will work — where else? — in Silicon Valley with a network of more than 100 mentors who will help develop their ideas. The fellowship program, which plucked students from institutions such as Harvard, Stanford and the Massachusetts Institute of Technology, has been quite controversial as Thiel openly admits he is hoping the winners will learn more in those two years working than they would have by being in school (at some of our nation's most prestigious universities, mind you). ...
Read more: http://newsfeed.time.com/2011/05/31/fellowship-pays-students-100000-to-not-attend-college/#ixzz1OP7G7Odu
Of the 400 entrepreneurial-minded applicants, the 24 winners, who are all 20-years-old or younger, will work — where else? — in Silicon Valley with a network of more than 100 mentors who will help develop their ideas. The fellowship program, which plucked students from institutions such as Harvard, Stanford and the Massachusetts Institute of Technology, has been quite controversial as Thiel openly admits he is hoping the winners will learn more in those two years working than they would have by being in school (at some of our nation's most prestigious universities, mind you). ...
By: Kayla Webley
Read more: http://newsfeed.time.com/2011/05/31/fellowship-pays-students-100000-to-not-attend-college/#ixzz1OP7G7Odu
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