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What Happened After Peter Thiel Paid 271 Students to Drop Out of College?
Since 2010, billionaire tech investor Peter Thiel has offered to pay about 20 students $100,000 to drop out of school each year "to start companies or nonprofits," reports the Wall Street Journal. His program has now backed 271 people, and this year the applicant pool "is bigger than ever." So how...
Since 2010, billionaire tech investor Peter Thiel has offered to pay about 20 students $100,000 to drop out of school each year "to start companies or nonprofits," reports the Wall Street Journal. Some big successes include Vitalik Buterin, co-founder of Ethereum, the blockchain network; Laura Deming, a key figure in venture investing in aging and longevity; Austin Russell, who runs self-driving technologies company Luminar Technologies; and Paul Gu, co-founder of consumer lending company Upstart... As a result, Thiel and other staffers have concluded they can't grow beyond the 20 or so young people chosen as fellows each year.
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