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The 100K is meant for living expenses. Getting outside funding is encouraged (just not a job). A lot of these kids are frighteningly smart, and yeah some of the ideas are very lofty (asteroid mining!) and probably will change in time, but pivoting is also encouraged. Also bear in mind that Thiel is offering access to an astounding network of mentors, which for the lofty projects is even more valuable than the money.

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