"Some ideas just can't wait," reads the website for the Thiel Fellowship.
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.
We tracked down some of the most successful Thiel fellows to see what they're up to.
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Ari Weinstein and Conrad Kramer's app was recognized by Apple for its brilliance.
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 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.
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.
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.
See the rest of the story at Business Insider