Paypal offering Business Chances
Tuesday, June 14th, 2011Starting a business can be fun, and what if you were told you could start a business without having to finish college first? There are some very lucky individuals out there right now who have been able to get money to start a business from PayPal’s founder Peter Thiel. He has offered certain students $100K to begin their business as part of an entrepreneur scheme. He understands that there are some individuals out there that do not need to finish college and in fact it would be a waste to what they could start right now. Well, not exactly a waste, but it would be better for them to give up college and focus on their business concept rather than continuing their education.
A Stanford graduate and sometimes professor has offered 24 individuals a two year fellowship for $100K. These students are going to stop going to school for the time being in order to try and get their companies up and running. One student stated it takes more than 8 hours a day to get a business going. In fact, it is a full time job. He would not have time to study and run the company. Thiel’s offer is giving him the chance to get his idea off the ground when it matters instead of making him wait through college to find the funding.
Most of the kids chosen are those who attend top universities. These students have also shown some high intelligence such as programming computers at age nine or created a solar startup at 19. The point is these students are worthy of the chance to become entrepreneurs and they do not need merchant loans and merchant advances to do it.
You might not be in the same situation, but it is still possible to get a business started. You need a good idea, the drive, and of course you need to have the research and plan to prove you can make it work. Entrepreneurs that succeed do so because they do not let things stand in their way. They are 100 percent dedicated to making something work and trying again if the first attempt fails.