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The program was launched a long time ago. At the time, $100k was a lot of money. A know more than a few people that were part of the program and most of them li
by cj 3y ago
The program was launched a long time ago. At the time, $100k was a lot of money. A know more than a few people that were part of the program and most of them liked it.
Although half of the thiel fellows I knew ended with businesses that didn't pan out and they went back to school (most got into ivy leagues)
- fkyoureadthedoc 3y agoAccording to the inflation calculator[1] I consulted, and the fact that the program had its first round of applicants in May 2011[2], their $100,000 would be about $135.6k now. 1. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100%2C000.00&year1=201109&year2=202309 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100%2C000.00&y... 2. https://techcrunch.com/2011/05/25/young-entrepreneurs-rule-meet-peter-thiels-first-20-under-20-thiel-fellows/ https://techcrunch.com/2011/05/25/young-entrepreneurs-rule-m...