Why old people make better entrepreneurs than young ones. - By Annie Lowrey - Slate Magazine

A few months back Peter Thiel—PayPal founder, hedge-fund manager, early Facebook investor, Silicon Valley big wig—announced an initiative to get kids to drop out of college for the good of the country. Arguing that America desperately needs new entrepreneurs, he unveiled the Thiel Fellowship, granting $100,000 to 20 entrepreneurs under 20 years old.