Student Wins $40,000 Scholarship; Gives to Teammates

Allan Guei is an 18 year old basketball player who has been getting some serious attention thanks to his incredible heart this week. Guei was given the opportunity to compete in a free throw competition which would determine the winner of a large college scholarship and he won thanks to his shooting ability; the real surprise however was what he has decided to do with the scholarship.

Under current rules Guei was allowed to keep the 40,000 dollar scholarship as well as any other scholarships he had earned but he decided that he was not going to do that. Guei announced shortly after winning the massive scholarship that he would be giving it in part to other competitors in the competition. Guei said in an interview that because he had already received a full ride scholarship from his school of choice there was no need for him to waste the scholarship, that is why he announced at his school’s graduation ceremony that he would be giving the money to his teammates that had competed.

Each of the 7 other competitors will be receiving an equal cut from the 40,000 dollars to pay for schooling at a college of their choice. Guei really shocked his school with the announcement that he would be giving back and his unbelievable kindness has not gone unnoticed as it is now gaining worldwide attention; few people are as compassionate as he is so it is nice to see a young man give back like this.

Billionaire Funds Two Dozen Entrepreneurs

Earlier this week a billionaire businessman, Peter Thiel, announced his selections for what he called his first group of prize winners in a unique and interesting fellowship award contest. Thiel is the billionaire founder responsible for Paypal and ever since he started the project he has been looking for other possible money making ideas; this is exactly where he got the inspiration for the fellowship.

Thiel’s idea was to select a group of 12 bright and motivated teenagers that had just graduated from high school and offer then $100,000 to invest in an idea they came up with rather than going to college. Thiel believed that simply working with a good business idea would likely be more successful for many of these individuals than wasting time in college.

So far none of the award recipients have spoken much about their planned ideas though Thiel and his team believe many of them could be incredibly successful. The purpose behind the fellowship was not only to help young bright entrepreneurs build a successful business but also to show people that a college degree is not necessarily important for many quick thinking potential business owners.

If within 2 years any of these entrepreneurs are successfully running their project Thiel will be giving them continued support and investments; regardless of success Thiel says he will be teaching all of these bright young entrepreneurs a very valuable lesson about entering a market and attempting to build a business out of just an idea.