Peter Thiel's 20 Under 20 Announced - will pay these 20 students to drop out

In summary, Peter Thiel's "20 Under 20" program has been announced, which will provide funding for 20 students to drop out of college and pursue their entrepreneurial dreams. Thiel is well-known for his innovations in banking and startup finance, as well as for mentoring successful entrepreneurs. He has also warned about the potential negative impact of a technology deficit on the economy. It is unclear if the students are required to drop out, and it is unknown how they will fare if they later decide to return to college.
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Simfish
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Peter Thiel's "20 Under 20" Announced - will pay these 20 students to drop out

http://thielfoundation.org/index.php?option=com_content&view=article&id=26&Itemid=19

Interesting. twofish-quant might like this.

I wonder how they'll fare if they later decide to return and apply to grad school.
 
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Interesting. I don't see where it specifically says they must drop out though?
 
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He first gained attention for innovations in banking and startup finance. Today he is known as the mentor of the PayPal mafia of entrepreneurs, as well as for his warnings of a coming technology deficit with severe economic consequences.

What does he mean by 'technololgy deficit'?
 

FAQ: Peter Thiel's 20 Under 20 Announced - will pay these 20 students to drop out

What is Peter Thiel's 20 Under 20 program?

Peter Thiel's 20 Under 20 program is a fellowship that awards 20 students under the age of 20 with a $100,000 grant to pursue their entrepreneurial goals. The catch is that they must drop out of college to be eligible for the program.

How does the selection process work for the 20 Under 20 program?

The selection process for the 20 Under 20 program is highly competitive. Applicants must submit a detailed application and business plan, and finalists will be chosen to participate in interviews with a panel of judges. The final 20 fellows will be selected based on their potential for success as entrepreneurs.

What are the benefits of dropping out of college for this program?

The benefits of dropping out of college for the 20 Under 20 program include a $100,000 grant to fund their entrepreneurial ventures, access to mentorship and networking opportunities with successful entrepreneurs, and the chance to gain real-world experience and skills that may not be taught in a traditional college setting.

Are there any requirements or restrictions for the grant money received through the program?

Yes, there are some requirements and restrictions for the grant money received through the 20 Under 20 program. The money must be used to support the fellow's entrepreneurial endeavors and cannot be used for personal expenses. Additionally, the fellow must provide regular updates on their progress and may be required to attend certain events and conferences.

Is the 20 Under 20 program open to all students under 20 years old?

No, the 20 Under 20 program is only open to students who are under the age of 20 at the time of application and who are currently enrolled in college or planning to enroll in the near future. Applicants must also be interested in pursuing entrepreneurship as a career and have a viable business idea to be considered for the program.

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