James Proud is only 20 and he’s already sold his first company. Proud is part of the 2011 class for the Peter Thiel Fellowship – the one that encourages college students to drop out for $100,000 and the shot at developing a business — and he just sold his company Giglocator in a six-figure deal.
They can’t buy a celebratory bottle of champagne, but they’re hoping to start a new business. Meet the new class of under 20 would-be college kids dropping out of college to work on their entrepreneurial dreams under the watchful eye of investor Peter Thiel.
Attention high school graduates with dreams of becoming a doctor: That’s a bad idea. Instead, become a plumber. You’ll make more money. If you think that sounds crazy, that’s because it is. But that’s precisely the message from noted investor and Libertarian Peter Thiel, who sees education as a liability rather than an asset.