Peter Thiel Rewards Students for Dropping Out of College April 22, 2011

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Venture capitalist Peter Thiel discusses his controversial decision to pay promising young innovators to drop out of college and pursue entrepreneurial endeavors.

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Based on a series of live events from The Economist, The Ideas Economy attracts a community of active participants from business, government, non-profits and the academy who are interested in collaborating to solve global challenges, develop new ideas, and contribute to human progress.

American entrepreneur, hedge fund manager, and venture capitalist. With Max Levchin, Thiel co-founded PayPal and was its CEO. He currently serves as president of Clarium Capital Management LLC, a global macro hedge fund with more than $6 billion under management, and a managing partner in The Founders Fund, a $275 million under management venture capital fund he launched with Ken Howery and Luke Nosek in 2005. He was an early investor in Facebook, the popular social-networking site, and sits on the company's Board of Directors.