Peter Thiel's 20 Under 20 Announced - will pay these 20 students to drop out

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Peter Thiel's "20 Under 20" initiative offers financial support to 20 students, encouraging them to leave traditional education in favor of entrepreneurial pursuits. The program aims to foster innovation by investing in young talent, reflecting Thiel's belief in the potential of startups over conventional academic paths. Concerns arise regarding the long-term implications for participants, particularly regarding their future opportunities in graduate school after dropping out. Thiel's broader concerns include a "technology deficit," which he warns could lead to significant economic challenges if innovation stagnates. This initiative aligns with his history of supporting groundbreaking entrepreneurs and highlights a shift in how education and entrepreneurship are perceived in today's economy.
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Peter Thiel's "20 Under 20" Announced - will pay these 20 students to drop out

http://thielfoundation.org/index.php?option=com_content&view=article&id=26&Itemid=19

Interesting. twofish-quant might like this.

I wonder how they'll fare if they later decide to return and apply to grad school.
 
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Interesting. I don't see where it specifically says they must drop out though?
 


He first gained attention for innovations in banking and startup finance. Today he is known as the mentor of the PayPal mafia of entrepreneurs, as well as for his warnings of a coming technology deficit with severe economic consequences.

What does he mean by 'technololgy deficit'?
 

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