"Universities and colleges are thought of as incubators of big ideas, places where students in labs or classrooms not only learn but think thoughts that end up changing the world. Then, there are the people who say higher education is overrated. Entrepreneur and venture capitalist Peter Thiel is one of them. He has deep pockets as a result of pursuing his own big ideas.
Peter Thiel is a co-founder of PayPal and an early investor in Facebook. Now, he's created a fellowship to give students under 20 years old a chance to ditch school and, as he says, begin to build the technology companies of tomorrow."
From the NPR interview transcript. The rest (and an embedded sound file of the interview itself) is here:
http://www.npr.org/2011/05/26/136690533/new-fellowship-pays-for-college-kids-to-drop-out *Each.
Edit - Note to the community maintainers (1st of June, 2011, 20:52 GMT+1): Two comments by members on this post were incorrectly designated as "suspicious". The only thing they had in common was that they contained external links. You might want to check the comm's posting settings re: comments and fix that.