Over and beyond the stipend given to Thiel Fellows is the access to Peter Thiel's network. While I am neither a Thiel Fellow nor do I have access to the Thiel Network, I still have benefited from the existence of the Thiel Fellowship! It's not that I secretly have access to some rotating solar panels or take some life extension pill created by any of the 20 Under 20, but rather that I've carefully looked at the smaller achievements they've made and used it as inspiration. This inspiration I've gotten from these guys is the true value of the Thiel Fellowship as a "philanthropic" effort. I mean, there are very few voices in the public discourse sending the message that Millenials are not "lazy and entitled," but instead, are capable of both taking charge of their own learning and seriously working on life-improving projects in the process.
Some of these lessons I've learnt include having the courage to take on projects that have an extended time-line (looking towards the horizon) and going out and actively seeking the community you need to realize your project. In addition, I've learnt much from reading a book written by one fellow Dale J. Stephens about life-long learning. There are other small things I picked up like from some other fellows like: getting lots of whiteboards to study and brainstorm with, building a personal website, reading more academic journals and networking/aiding peers who want to build something.
Also, consider one distinguishing feature of the Thiel Fellowship application. For many programs, after decisions have been sent out, you're either in, not-in, or on the waiting-list. If you didn't make the cut, not much becomes of all the effort involved. With the fellowship, the application is less exclusive (even if you don't get it you might still get access to various opportunities), involves building up a lasting portfolio and still has the potential for smaller grants and opportunities. Taking all of this into account, it seems to be a success.
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