USA - Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. 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. Thiel thinks ideas can develop in a start-up environment much faster than at a university. And the project is also intended to question the idea of higher education. Thiel said that the United Sates was in a higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he told said. More
Thursday, May 26, 2011
$100,000 Fellowships To Not Go To College
USA - Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. 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. Thiel thinks ideas can develop in a start-up environment much faster than at a university. And the project is also intended to question the idea of higher education. Thiel said that the United Sates was in a higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he told said. More
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