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Peter Thiel on What You Can't Learn in College

This story appears in the September 2011 issue of Entrepreneur. Subscribe »

In the startup universe, college can be a distraction. Just ask Peter Thiel, co-founder and former CEO of PayPal and an early investor in Facebook.

At the end of May, Thiel announced the first "20 Under 20" Thiel Fellows: Out of more than 400 applicants, he picked two dozen of the best (accepting four more than originally planned) to receive a $100,000 grant, access to a network of about a hundred high-profile mentors and two full years to begin turning their business hopes into reality.

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