future, this is your success or failure, everything rides on you doing well. >> joining us now are peter thiel you give the kids $100,000 to drop out of school and work on their entrepreneurial dreams. what do you think about them staying in school, the tflipsid of that coin, wouldn't it be better for some to stay in and pursue higher education? >> we're not making any categorical statements about education. it's good for some people, maybe most people to stay in school, but it is not good for everybody. there are people who are inventors, who are rent prenurs f are entrepreneurs and staying in school is not the right thing. people have a passionate, great idea that is going to change the world they should get started on it right away. >> what is so special about the kids you did choose, including the two sitting here? >> we had over 400 applicants. we've announced the program last september and it was an incredible caliber of people. it was really encouraging thing. there's so much pessimism about the future of the u.s. and looking at the amount of people who are passionate about creating gre

measured but all this could be over voided a controversial scholarship created by pay pal co-founder peter thiel awarded twenty four candidates one hundred thousand dollars fellowship in silicon valley to pursue entrepreneurial projects instead of attending college they're all twenty or younger and will be plugged into an extensive network of high tech mentors thiel as question the value of higher education is the institution exists today also believes that the degree factory that is our current college system is about to come crashing down he told tech crunch in april that college is the next bubble in an overinflated market and propose that the rapid increase in student fees living expenses and bankruptcy laws have made it increasingly risky life investment. so while most of us won't be inventing the next facebook or pay pal trying to do this whole making a living thing from scratch might actually be before your trek to a very expensive piece of paper that may or may not get you a job stacking boxes at wal-mart the point is lots of the most successful folks out there got where they are by step