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Vishu Bheda
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Medial • 8m
In 2011, Peter Thiel started giving people money to drop out of college. The result? $250B produced in value. Figma, Ethereum, Loom, and over 250 companies were born. Here's how one man destroys the traditional education system : Peter Thiel, co-founder of Paypal, isn't a big fan of colleges. He believes they are: • Overpriced • Risk-averse • Designed to create employees, not innovators To him, college is a waste of time and talent for ambitious people. Many people criticize colleges. But Thiel was the first one to offer a solution. He launched the Thiel Fellowship in 2011. Each year, 20-25 young people get paid $100k to work on their ideas. With 1 condition: They need to stop going to college for 2 years or drop out. What makes Thiel Fellowship special? First, they encourage risk-taking. Real-world Experience over Theory. The community is also another big aspect of the program. The result? Theil Fellowship has helped over 250 companies across different industries.
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