I think anything that requires real global breakthroughs requires a degree of intensity and sustained effort that cannot be done part time, so it's something you have to do around the clock, and that doesn't compute with our existing educational system.

2% of the company. Thiel Fellowship
On September 29 2010 Thiel said he had created a new fellowship called the Thiel Fellowship which will award $100000 to 20 people under 20 years old in order to spur them to quit college and create their own ventures. Bush's National Security Advisor) Condoleezza Rice.

He was the first outside investor in Facebook the popular social-networking site with a 10. Thiel was ranked #293 on the Forbes 400 in 2011 with a net worth of $1.