Paypal founder’s support for young entrepreneurs can inspire a re-imagination of high school

October 13, 2010 •

Peter Thiel, co-founder of PayPal, has announced he will offer 20 adults under the age of 20 up to $100,000 to take time away from school and pursue entrepreneurial ventures. Theil—a law school graduate, whose family immigrated from Germany when he was young—stated that while there are a lot of things people learn in school, “I don’t think they learn much about entrepreneurship.”

Thiel was an early investor in Facebook with his company Clarium Capital. After Zuckerberg’s announcement earlier this month of his gift to New Jersey public schools, this blog asked, of schools: Where are the entrepreneurs?

Thiel’s grants could provide the inspiration for an innovative high school, modeled after people like Zuckerberg, and Gates: Allow for autonomy, accommodate and support entrepreneurialism, and provide an option to start into college through online or on-campus courses, or supervised work training experiences.

Image: Peter Thiel, via