Facebook Investor Thiel Will Give $100,000 Grants to Teenagers
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Peter Thiel, a Facebook Inc. investor and board member, plans to make 20 grants of as much as $100,000 apiece to teenagers who have promising ideas for technology businesses.
The investor’s Thiel Foundation will award as many as 20 grants to individuals or small teams of entrepreneurs by the end of 2011, Thiel said yesterday during a technology conference in San Francisco. Some partners at the Founders Fund, the venture capital firm co-founded by Thiel, will act as advisers and mentors to the grant winners.