$100K to Drop Out of School

“[Venture capitalist and early Facebook investor] Peter Thiel’s latest crusade is his worst yet, and more troubling than the possibility of an unfrozen caveman venture capitalist awaking in the 22nd century and demanding his space capsule. The Thiel Fellowship will pay would-be entrepreneurs under 20 $100,000 in cash to drop out of school. In announcing the program, Thiel made clear his contempt for American universities which, like governments, he believes, cost more than they’re worth and hinder what really matters in life, namely starting tech companies.”