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Debt

Several people have been asking me to weigh in publicly on the “20 under 20″ initiative announced by Peter Thiel in which he will award up to $100,000 to 20 people under the age of 20 who agree immediately to pursue entrepreneurship (the implication of which is that they’d drop out of university to do so).

Thiel and friends will also agree to mentor these young entrepreneurs. Here is their inaugural class.

So is this a good idea? My 2 cents:

1. This is a worthy goal and I applaud Peter Thiel We need to take some risks in education and in innovation in this country so anybody that it trying to break through the traditional mold and try to create a new model ought to be lauded, not attacked. We have a severe shortage of talented engineers in this country, for example, and science doesn’t seem to garner as much attention & focus in the US as it does in some other countries. As a country we need to address this.

 

To read the full, original article click on this link: What Should We Make of Peter Thiel’s “20 Under 20″ Education Program? | Both Sides of the Table

Author: Mark Suster