Under the noses of school officials, a group started by PayPal cofounder Peter Thiel used an event last weekend at the Massachusetts Institute of Technology to try to persuade budding entrepreneurs that college is a waste of money and they should drop out and start businesses instead.
A billionaire, the high-profile Thiel has used part of his fortune to target the higher education establishment as a bloated sacred cow; one line of attack is to offer bright young achievers $100,000 to forgo college and work on innovative ideas under the tutelage of his organization in San Francisco.
“The best way to learn isn’t by sitting in a classroom, but by doing,” Thiel Fellowship cofounder Jonathan Cain told attendees. Full story for BostonGlobe.com subscribers.
Michael B. Farrell can be reached at firstname.lastname@example.org.