PayPal Co-Founder Offers Students Scholarships To Leave College14:19
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(AP)
(AP)

Peter Thiel , co-founder of PayPal, announced a scholarship this week that will pay 24 students $100,000 over two years, to leave college and start their own entrepreneurial venture.

But they'll be stopping their education at places like MIT and Harvard, so is it worth it for them? Is this a good idea for others, and will it spur innovation? We speak with Peter Thiel about his scholarships, run by his non-profit Thiel Foundation.

This segment aired on May 27, 2011.

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