Peter Thiel on What You Can't Learn in College
The venture capitalist and co-founder of PayPal answers questions about his initiative to back the business dreams of select teen entrepreneurs willing to put their educations on hold.
By Jennifer Wang •
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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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