Pay Pal Founder To Give Students $100k to Drop Out

Peter Thiel, PayPal Founder and maverick investor has a new program to move our world forward. He intends to find 20 students under 20 years old, and give them up to $100k to "stop out" of school for 2 years to develop ideas, start companies and change the world.

He cites the increased costs of education, a risk averse culture, and limited exposure to entrepreneurship as main reasons for this program. 

He made the announcement at the TechCrunch Distrupt event, see minute 18 of the video. 

To learn more, visit The Thiel Foundation website.

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