Free money is certainly nice to have, but I have deep doubts that "a no-strings-attached grant of $100,000" will do what they hope to achieve, compared to a control group (say, the next 24 in their ranking, those who did not receive the funding). How many runners-up also founded companies, won prizes, etc.? I hope they are tracking this, as well as the progress of the recipients, before patting themselves on the back.
Millions of people enjoy a higher quality of life because smart people like Steve Jobs, Muriel Siebert, Benjamin Franklin, Mark Zuckerberg, and hundreds of others skipped college to start a project that couldn’t wait.
Funny how they use (cherry-picked) people who didn't use their funding as an example to support their point.
While it's true that Thiel didn't invest in the ideas of Jobs, Siebert, or Franklin when they first started Apple,Muriel Siebert & Co., Inc or Franklin's many ventures, It is true that he was an early investor in Facebook and sits on it's board of directions.
Peter Thiel is offering another round of "20 under 20" Fellowships. The application deadline is December 31st. We know many of the current Thiel fellows here in the Bay Area, and it's a great opportunity. Here's the official letter from the Thiel Foundation: