The 2-year fellowship program, created by the Thiel Foundation in 2011, gives $100K to young people to build things (companies) instead of going to college.

The Thiel Foundation invests in about 20-25 young people/companies per year

It differs from regular accelerators in several ways:

➡️ It doesn’t consider itself an accelerator.
➡️ Its focus is investing in young people (<22 years old).
➡️ It doesn’t take equity for the $100K it provides.
➡️ Recipients must drop out of school.

Here are a few notable alumni and companies they’ve built:
➡️ Dylan Field, founder of Figma ($20B acquisition by Adobe)
➡️ Ritesh Agarwal, founder of OYO Rooms ($9.6B valuation)
➡️ Austin Russell, founder of Luminar Technologies (Nasdaq: LAZR)
➡️ Vitalik Buterin, co-creator of Ethereum

Apply here: https://thielfellowship.org/apply

https://t.me/threenstartups

#thielfoundation #funding #programforyouth