Thiel's going to have a lot of success with this first batch - if I may say so myself, being one of the finalists. It's remarkably generous of him to offer 100k without any equity exchange whatsoever - the terms are far better than those offered by YComb and arguably quite equal in beneficial environment acquired - particularly as it's for 2 years and not a quarter-year mini-stint. We'll see what happens in two years ; )