Tuesday, 7 March 2017

These 5 entrepreneurs were paid $100,000 to drop out of college ....!!!!

These 5 entrepreneurs were paid $100,000 to drop out of college - here's what they're up to today....!!!!NEVER GIVE UP...!!

                       "Some ideas just can't wait," 

 In 2011, investor, entrepreneur, and  Trump adviser Peter   Thiel launched a program that awards $100,000 to promising young entrepreneurs who are willing to drop out of college and turn their bright ideas into real businesses. Dozens of tech prodigies have passed through the program, with mixed results . While plenty of Thiel fellows return to school after their two-year deployment in Silicon Valley, a handful go on to create venture-backed startups worth millions.

 

  • Ari Weinstein and Conrad Kramer's app was recognized by Apple for its brilliance.Ari Weinstein and Conrad Kramer's app was recognized by Apple for its brilliance.

  1. The Thiel Fellowship brought together whiz-kids Ari Weinstein, an MIT dropout; and Conrad Kramer, a then-high school student, to work on two productivity apps. One took off.

    Workflow stitches together tasks from multiple apps into one. Users can post an image to Facebook, get directions, order food, and do countless other things without leaving the app.

    Workflow became the most purchased iPhone app for four days after it launched in 2014. In 2015, Apple awarded Weinstein and Kramer an award for the Most Creative innovation app of the year.
    They continue to develop Workflow out of San Francisco. Their startup employs eight people.
    •      Eden Full Goh has been named to the Forbes 30 Under 30 in Energy  three years in a row.

    Eden Full Goh has been named to the Forbes 30 Under 30 in Energy three years in a row.

    At 19, Eden Full Goh left Princeton to turn her high school science project into a global company. That project, the SunSaluter, is a low-cost mechanism that allows solar panels to rotate and follow the sun throughout the day, boosting the panels' efficiency by 30%.

    The SunSaluter can be found in 18 countries, providing electricity to over 10,000 people.

    Today, Goh serves as chairperson of the nonprofit and works at Thiel's software company, Palantir, where she spearheads the development of experimental client-facing products.
    • James Proud raised $40 million at a $250 million valuation for his startup, Hello.

    James Proud raised $40 million at a $250 million valuation for his startup, Hello.

    He's been called "Peter Thiel's chosen one" by Forbes magazine. The 25-year-old CEO of Hello, a startup that makes a $149 sleep-tracking device for the bedroom, is one of the most successful Thiel fellows yet.

    Proud passed on the chance to be the first in his family to go to college when he accepted a spot in the Thiel Fellowship. He joined to work on GigLocator, a website that aggregated concert-ticket information, and later sold it to a concert promoter in 2012 to the tune of six figures.

    Hello's sleep-tracker, called Sense, raised $2.4 million on Kickstarter in 2014, which is on par with what the Oculus Rift raised on the crowdfunding site. A source close to the company told  Forbes   that Hello expects to sell 250,000 units in 2017.

    Proud is now raising more funding, including $2 million from Thiel himself.
    • Ritesh Agarwal created India's largest network of budget hotels.

    Ritesh Agarwal created India's largest network of budget hotels.

    Ritesh Agarwal called the Thiel Fellowship "the best thing that could have happened to me."

    The 22-year-old millionaire, who grew up in a southern state of India, launched a global hospitality startup that aggregates budget hotels across India. Users can find rooms, book a reservation, and enjoy in-room amenities such as branded linens from Oyo Rooms.

    The startup operates rooms in over 6,500 hotels in more than 200 cities. Agarwal, who serves as the company's CEO, has raised $187 million in funding at a $400 million valuation.

    • Laura Deming is on a mission to find the cure for aging.

    Laura Deming is on a mission to find the cure for aging.

    Laura Deming has been unstoppable since age 14, when she enrolled at MIT to work on artificial organogenesis — the making of tissues and organs — and bone aging. She dropped out after her sophomore year to further her research in anti-aging as a Thiel fellow.

    Deming is one of few fellows who pursued interests outside the startup world. She works alongside former pharma executives and fund managers as a partner at venture firm The Longevity Fund. The firm aims to find and fund companies working to extend human life.

     

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