The $100,000 Thiel Foundation fellowship James Schuler just won allows young entrepreneurs to drop out of college to pursue their business ideas – except he never got there in the first place.
Before graduating from Byram Hills High School in Armonk, N.Y., last year, the 19-year-old co-founded a health care transaction smartphone application and website.
After graduation, he immediately entered Y-Combinator, a Silicon Valley startup incubator in which Schuler and his co-founders spent three months using a $170,000 grant to grow Eligible, the health care transaction company.
He resigned from active involvement with that company in August and already is on to his second venture, FundElevator.com, a crowdfunding platform for political candidates and nonprofit organizations that will launch in a few weeks.
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