Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center.
Peter Thiel.
  • Peter Thiel plans to give 20 more young people $100,000 not to go to college.
  • Thiel started the fellowship in 2010, encouraging students to skip school and start companies instead.
  • The effort has attracted criticism from education leaders.

Don't stay in school, kids.

That's the message billionaire Peter Thiel is sending as he extends a fellowship program that offers $100,000 to students willing to skip college and develop a company instead.

Some in the latest cohort of applicants plan to launch projects related to the buzzy industries of AI and cryptocurrency.