Peter Thiel, founder of PayPal, hates college. Maybe it’s because one of his first bets as an investor was Facebook, whose founder Mark Elliot Zuckerberg keeps bragging about dropping out of Harvard. Not so with Thiel, who successfully completed his studies, which is why it is shocking that he is now asking all interested young entrepreneurs under the age of 23 to access his scholarships The Thiel community to leave the university. In return, he grants them a sum of $100,000 so that they can focus solely on their ventures for two years. In addition to money, they receive mentoring and other resources.

Explain also that of all applications received, only 1% is elected and that while the organization has strong success stories, it also occasionally fails. The community of scholarship holders and alumni currently comprises a total of 104 Spaniards, as far as is known, only one managed to move in, leave GeorgeCo-founder of the Aragon project with Iván Cuende, in blockchain.

Since 2010, billionaire Peter Thiel has been sponsoring an annual average of 20 to 25 talented young people to delay their passage through the university, which he has always been dissatisfied with. Basically, the criticism was directed at the American university model, which is usually classified as a bubble. “A bubble is when something is overrated and universally believed by everyone. Education is perhaps the only thing Americans still believe in. Questioning education is really dangerous. It’s an absolute taboo. It’s like telling the world there is no such thing as Santa,” he explained in the Tech Crunch publication.

He also criticized the high costs of North American universities, which forced many students to borrow for a long time to finance their studies, with no guarantee of professional success.

So the motto on The Thiel Fellowship’s website is: “Two years. $100,000. Some ideas can’t wait”, so why wait to graduate when you can start now? It’s true that some of the most disruptive technologies were developed by people who left the classroom before their time, and college stopped being a professional life insurance years ago. However, to make a bit of an argument, it can be said that his proposal is neither free from prejudice nor a workable solution for a majority. Without forgetting that not everyone is interested in following the path of entrepreneurship.


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