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.
Everyone’s heard stories about young entrepreneurs who drop out of school and found hot startups like Facebook. Now the Founders Fund is putting up money to make sure that practice continues.