A few months back Peter Thiel—PayPal founder, hedge-fund manager, early Facebook investor, Silicon Valley big wig—announced an initiative to get kids to drop out of college for the good of the country. Arguing that America desperately needs new entrepreneurs, he unveiled the Thiel Fellowship, granting $100,000 to 20 entrepreneurs under 20 years old. "This fellowship will encourage the most brilliant and promising young people not to wait on their ideas," he said. Thiel's is hardly the first initiative aimed at encouraging entrepreneurship among the young. Just this year, for instance, Babson's school of business started a "Venture Accelerator" to help MBA students starting their own businesses at graduation. Something called the Young Entrepreneur Council—check out that Web site address—made waves by encouraging the young to ditch their résumés and head to their garages. Even the State Department launched an entrepreneurship program.
To read the full, original article click on this link: Why old people make better entrepreneurs than young ones. - By Annie Lowrey - Slate Magazine
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