Facebook and PayPal's Peter Thiel Pays College Students to Drop Out - ABC News
Facebook, PayPal Entrepeneur Pays Kids to Drop Out of College - ParentDish
So, the 43-year-old billionaire has set aside $2 million to get kids younger than 20 to drop out of college. He gives kids $100,000 each to bag school in favor of starting a business.
Good idea, right? Some half of new businesses fail, but how could that possibly happen to a spunky teenager armed with a high school diploma?
Thiel says, believe it or not, the idea is working.
"We ended up picking 24 people to try to get them to work on very specific projects that would push the frontiers of science and tech in areas ranging from biomedicine to computers to robotics," he tells ABC.
Facebook, PayPal Entrepeneur Pays Kids to Drop Out of College - ParentDish
So, the 43-year-old billionaire has set aside $2 million to get kids younger than 20 to drop out of college. He gives kids $100,000 each to bag school in favor of starting a business.
Good idea, right? Some half of new businesses fail, but how could that possibly happen to a spunky teenager armed with a high school diploma?
Thiel says, believe it or not, the idea is working.
"We ended up picking 24 people to try to get them to work on very specific projects that would push the frontiers of science and tech in areas ranging from biomedicine to computers to robotics," he tells ABC.
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