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In 2011, Peter Thiel launched a controversial education program to pay college students $100,000 to drop out. To drop out and do what? Not look for a job. But to work full time on new startup businesses.
Thiel Fellows have created eleven startups valued at $1 billion or more.
The most notable Thiel fellow to date is Vitalik Buterin, co-founder of the Ethereum blockchain. As of this writing, Ethereum has a market capitalization of about $200 billion and has spawned an unprecedented ecosystem of decentralized software development. There are nearly 7,000 Ethereum-based projects, including some of the most innovative and promising ideas today.
Austin Russel, a 2013 Thiel fellow, took Luminar Technologies Inc. public in 2020, valuing the company at $8.5 billion, while Paul Gu helped Upstart go public at a $4.8 billion valuation. Both Russell and Gu were early Thiel fellows and co-founders of their respective companies. Dylan Field agreed to sell Figma Inc., the influential design company he co-founded, to Adobe Inc. last year for roughly $20 billion.
Concludes Bloomberg, "The results of the Thiel Fellowship demonstrate that colleges likely block or delay the success of the most promising students."
The FDA has rejected its strongest safety warning for Covid mRNA vaccines despite acknowledging that children were killed by the products.
This news surfaced during a televised Bloomberg interview with FDA Commissioner Marty Makary, who said the agency has “no plans” to apply its strongest safety warning to Covid mRNA vaccines.
In that interview, Makary confirmed that the FDA’s own safety and epidemiology centre had formally recommended a boxed warning — a step reserved, under FDA rules, for drugs with “special problems, particularly ones that may lead to death or serious injury.”
