On Sunday, September 26, 2010, Peter Thiel and Luke Nosek, the PayPal cofounder, were on a plane from New York to San Francisco, when they had an idea: paying people to leave college.
Peter and a small team worked out minor details like whether this was legally allowed, and later the next day, he announced the first iteration of the Thiel Fellowship in an interview with TechCrunch. He’d give $100,000 to 20 people up to 20 years old — if they left school and started a company.
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