Leaders of local company Southtree—which helps preserve aging home movies and photos digitally—have been selected to participate in the Thiel Foundation's Under 20 Summit.
The foundation, named for venture capitalist, Paypal cofounder and entrepreneur Peter Thiel, has a fellowship program that's been a little controversial because it encourages young people to forgo college and try entrepreneurship.
Click here to read more about Thiel's ideas from Pandodaily.com.
Nick Macco and Adam Boeselager will speak at the annual "Under 20" Summit in New York City.
Macco and Boeselager will be sharing insights on how to "bootstrap" a business without funding and how they've used design as a core principle at Southtree.
"We're extremely humbled to be asked to share our story and some of the lessons we've learned growing our business," Macco said in a prepared statement.
They will also provide office hours during the gathering providing counsel to attendees.
The Thiel Fellowship is a program that pays young people under the age of 20 to pursue their ideas and ventures.
According to the fellowship's website they help "bring their most ambitious ideas and projects to life" and they're provided "a no-strings-attached grant of $100,000 to skip college and focus on their work, their research, and their self-education."
Macco and Boeselager started their own online company, Southtree.com, six years ago in their early 20s, while students at Lee University.
Boeselager said they will be doing more than teaching.
"It's inspiring and motivating to learn from what these young ambitious people are doing," he said in a prepared statement. "I know we'll learn more from them then they learn from us."
The Thiel Fellowship recently connected with the founders of Southtree on a tour through local start-ups and technology businesses in Chattanooga.
Foundation leaders also recently announced they are collaborating with local officials to partner with Chattanooga to grow the local under-20 community. Click here for more on that.
Updated @ 9:10 a.m. on 10/21/13 to for clarity.
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