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Billionaire Peter Thiel Doubles Down on his Program to Pay Kids to Ditch School to Pursue Entrepreneurial Ventures

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the staff of the Ridgewood blog

Ridgewood NJ, PayPal  founder Billionaire Peter Thiel is continuing his fellowship program, offering $100,000 to students who opt out of college to pursue entrepreneurial ventures. The latest cohort includes applicants focusing on AI and cryptocurrency projects. Thiel initiated the program in 2010 with 24 participants, aiming to challenge the traditional college system. With over 270 participants to date, Thiel seeks to provide alternatives to mounting college debt amid rising tuition costs. Return on investment is a real concern for young adults looking at college. Thiel’s decision to extend the program reflects his belief that American universities have become too “woke,” motivating him to promote alternative paths for young people. Despite having multiple degrees from Stanford University himself, Thiel advocates for the entrepreneurial route over traditional higher education.

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2 thoughts on “Billionaire Peter Thiel Doubles Down on his Program to Pay Kids to Ditch School to Pursue Entrepreneurial Ventures

  1. Great program.

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  2. College now a days is just a reinforced agenda of wokeism from high school. Let see what this guy brings to the table. Capitalism that is what the liberals hate!

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