Peter Thiel's fellowship provides $200,000 to young entrepreneurs willing to drop out of college to pursue their startup ideas. Launched in 2011, the program has generated over $100 billion in business value and supports a network of influential alumni. Noteworthy members include Figma CEO Dylan Field and Scale AI cofounder Lucy Guo. Thiel criticizes traditional education, believing real learning occurs through practical experience. The fellowship serves as a substantial alternative to college for aspiring entrepreneurs, reframing higher education's role in their professional development.
“Higher education is the worst institution we have. For these exceptional fellows, we are providing an alternative.”
The Thiel Fellowship has been equipping young people with money and an influential business network. So far, the program's fellows have founded over 11 unicorns with a combined worth of over $100 billion.
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