Young entrepreneur gets $100K for startup

Young entrepreneur gets $100K for startup

Posted:

NASHVILLE (AP) - A teen from Nashville has been awarded a $100,000 2-year fellowship to start up his own company as long as he doesn't return to his college classes in the fall.

That's fine with 19-year-old Mark Daniel, who plans to go to San Francisco to work on forming StatusHawk, a Web-based application that puts various workplace reports into one format that is easy to read.

The Tennessean reports Daniel received the funding from a foundation created by Silicon Valley financier and PayPal co-founder Peter Thiel.

Mike Gibson, the foundation's vice president for grants, said Thiel believes college can inhibit entrepreneurs from pursuing their ideas, but that fellows should resume their studies when the fellowship ends.

Daniel called it "an honor" to be included in the Thiel Foundation's 20-Under-20 program.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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