<p><a href="https://www.businessinsider.com/power-players-using-tiktok-to-shape-the-music-industry-2021-9#ari-elkins-tiktok-creator-1"></a></p><p><em>Hi, this is Amanda Perelli and welcome back to <keyword id="11894121" type="UNKNOWN" weightage="60" keywordseo="insider-influencers" source="Orion">Insider Influencers</keyword>, our weekly rundown on the business of <keyword id="11894122" type="UNKNOWN" weightage="60" keywordseo="influencers" source="Orion">influencers</keyword>, creators, and social-me</em><em>dia platforms. </em><strong><a href="http://newsletter.businessinsider.com/join/influencerdashboard">Sign up for the newsletter here.</a></strong></p><p><strong>In this week's edition:</strong></p><ul><li><p>Power players <a href="https://www.businessinsider.com/power-players-using-tiktok-to-shape-the-music-industry-2021-9">using TikTok to shape the music industry in 2021</a></p></li><li><p>Influencers react to the <a href="https://www.businessinsider.com/influencers-instagram-facebook-outage-reactions-advertising-sponsroships-2021-10">Instagram outage</a></p></li><li><p>Twitch and <keyword id="11894124" type="UNKNOWN" weightage="60" keywordseo="youtube" source="Orion">YouTube</keyword> <a href="https://www.businessinsider.com/twitch-youtube-battle-to-sign-top-streamers-nickmercs-drlupo-2021-10">battle to sign the biggest streamers </a><a href="https://www.businessinsider.com/youtuber-graham-stephan-launching-bankroll-coffee-startup-costs-earnings-interview-2021-9"></a></p></li><li><p>How Lionsgate found huge success on <a href="https://www.businessinsider.com/how-lionsgate-uses-tiktok-trends-promote-catalog-twilight-john-wick-2021-9">TikTok</a></p></li><li><p>And more, including <a href="https://www.businessinsider.com/josh-richards-media-kit-example-tiktok-youtube-mediakits-startup-2021-9">TikTok star Josh Richard's media kit</a> and <a href="https://www.businessinsider.com/tiktok-influencer-weekly-schedule-posting-content-emailing-brands-for-deals-2021-8">a TikTok creator's weekly schedule.</a><a href="https://www.youtube.com/watch?v=a1wnibllM8g&amp;list=PLKfWL8IXgKBtuSIbSi5OML9iui8MY4b6f&amp;index=8;index=8"></a></p></li></ul><p>Also, we are hiring! We are looking for a journalist to join our team to cover the business of social <keyword id="11894119" type="UNKNOWN" weightage="100" keywordseo="media" source="Orion">media</keyword> and the rise of the creator economy. <a href="https://www.linkedin.com/jobs/view/2731194821/?capColoOverride=true">Read more and apply to the fellowship, here.</a></p><p><em>Send tips to aperelli@insider.com or DM me on Twitter at <a href="https://twitter.com/arperelli">@arperelli</a>.</em></p><h3><a href="https://www.businessinsider.com/power-players-using-tiktok-to-shape-the-music-industry-2021-9"><div type="image" title="Headshots of Jahan Karimaghay, Haley Spencer, Sanu Hariharan, and Gaby Fainsilber against a pink gradient background with the TikTok musical note logo" height="1134" width="1512" msid="86840666" hostid="261"></div></a></h3><h3><a href="https://www.businessinsider.com/power-players-using-tiktok-to-shape-the-music-industry-2021-9">From record labels to Lizzo, power players using TikTok to shape the music industry</a></h3><p>Forget "TRL" and the radio, <keyword id="11894125" type="UNKNOWN" weightage="60" keywordseo="tiktok" source="Orion">TikTok</keyword> is now where stars are born.</p><p>My colleague Dan Whateley took a deep dive into the industry, speaking with dozens of sources to nail down the top record labels, artists, marketers, and creators using TikTok to shape the music industry. </p><p>Here's a look at who is on this year's list:</p><ul><li><p><strong>Chelsea Smith, Warner Music Group: </strong>Smith serves as a liaison between digital platform partners like TikTok and the various record labels within Warner. </p></li><li><p><strong>Team behind "Ratatouille: The TikTok Musical": </strong>Jeremy O. Harris, Ellenore Scott, and others helped turn the TikTok trend into a livestreamed performance. </p></li><li><p><strong>Jun Park, Austin Georgas, and Luis J Najera Jr., Flighthouse: </strong>The company built a large following on the app by posting short video skits featuring some of its top stars.</p></li></ul><p>"These days, for every single artist on the label who's putting out a record, we are strategizing how to make the most out of the TikTok platform," RCA Records' SVP of digital marketing Tarek Al-Hamdouni said.</p><p><strong><a href="https://www.businessinsider.com/power-players-using-tiktok-to-shape-the-music-industry-2021-9">Check out who made the full list, here.</a></strong></p><h1><a href="https://www.businessinsider.com/influencers-instagram-facebook-outage-reactions-advertising-sponsroships-2021-10"><div type="image" title="Woman looking down at her phone, waiting." height="2509" width="3346" msid="86840669" hostid="261"></div></a></h1><h3><a href="https://www.businessinsider.com/influencers-instagram-facebook-outage-reactions-advertising-sponsroships-2021-10">What influencers learned from the Facebook and Instagram outage</a></h3><p>Facebook-owned apps, including <keyword id="11892996" type="UNKNOWN" weightage="60" keywordseo="instagram" source="Orion">Instagram</keyword>, were shut down by a widespread, six-hour-long outage on Monday.</p><p>While the platforms were down, my colleague Sydney Bradley was talking to influencers and advertisers.</p><p>The lights are back on - Sydney was on the phone with one influencer when Instagram was powered up again -but the disruption was a wake-up call to influencers about their business and the danger of relying on one company.</p><p>"It's a reminder not to put your eggs in one basket," micro influencer Lissette Calveiro (61,000 followers) told Insider. "Creators who only have a presence on Instagram are finding themselves in a challenging position right now. For others who are on multiple platforms and have owned audiences like newsletters, business as usual."</p><p>Those who already have diversified? They had a pretty good day. Take TikTok's Justina Sharp (114,000 followers), who saw a spike in views.</p><p><strong><a href="https://www.businessinsider.com/influencers-instagram-facebook-outage-reactions-advertising-sponsroships-2021-10">Read more on how creators were affected by the outage.</a> </strong></p><h2>Here's what else you need to know this week:</h2><p><strong>What's trending </strong></p><ul><li><p>A TikTok star with 1 million followers shares her weekly routine, <a href="https://www.businessinsider.com/tiktok-influencer-weekly-schedule-posting-content-emailing-brands-for-deals-2021-8">which includes filming videos, negotiating with brands, and attending events in LA.</a><br /><a href="https://www.businessinsider.com/tiktok-booktok-inspiring-reading-renaissance-old-books-bestsellers-2021-9"></a></p></li></ul><p><strong>Creator earnings </strong></p><ul><li><p>Livestreaming is growing as a revenue source for influencers. <a href="https://www.businessinsider.com/how-to-make-money-livestreaming-twitch-tiktok-instagram-amazon-2021-9">Here's how creators make money through tips, sponsored streams, and selling products</a>.</p></li></ul><ul><li><p>Snapchat launches Spotlight Challenges <a href="https://www.theverge.com/2021/10/6/22711632/snapchat-spotlight-challenges-announced-cash-prizes-tiktok">with prize payouts ranging from $250 to $25,000.</a></p></li><li><p>A look at TikTok star Josh Richards' most recent media kit, <a href="https://www.businessinsider.com/josh-richards-media-kit-example-tiktok-youtube-mediakits-startup-2021-9">created with a new startup called MediaKits.</a></p></li><li><p><a href="https://www.businessinsider.com/josh-richards-media-kit-example-tiktok-youtube-mediakits-startup-2021-9"></a><a href="https://www.businessinsider.com/instagram-testing-several-features-to-pay-creators-money-2021-6#creators-can-earn-money-by-tagging-products-in-posts-with-instagrams-native-affiliate-marketing-tools-1">Instagram has been building out a suite of money-making tools</a> for creators, including "Bonuses" on Reels and new affiliate-marketing tools.</p></li></ul><p><strong>Market moves</strong></p><ul><li><p>Pro gamer Nickmercs, who has 6.2 million followers, <a href="https://www.hollywoodreporter.com/business/digital/nickmercs-extends-twitch-partnership-deal-1235022183/">extends his partnership with Twitch.</a></p></li><li><p><a href="https://www.hollywoodreporter.com/business/digital/caa-signs-youtuber-jacksepticeye-1235025897/">CAA signs gaming YouTuber Jacksepticeye</a>, who has over 27 million subscribers.<a href="https://www.businessinsider.com/why-esports-organization-immortals-gaming-club-is-splitting-up-brands-2021-9"></a></p><ul><li style="list-style-type: none;"> </li></ul></li></ul><h2><a href="https://www.businessinsider.com/twitch-youtube-battle-to-sign-top-streamers-nickmercs-drlupo-2021-10"><div type="image" title="Nickmercs standing in a black Faze shirt in front of a white background" height="3801" width="5069" msid="86840671" hostid="261"></div></a></h2><h3><a href="https://www.businessinsider.com/twitch-youtube-battle-to-sign-top-streamers-nickmercs-drlupo-2021-10">Twitch and YouTube are battling to sign top streamers with two very different pitches</a></h3><p>Nicholas "Nickmercs" Kolcheff, one of Twitch's most followed streamers, announced this week that he is staying with the platform.</p><p>His decision comes just after other large streamers, like TimTheTatman and DrLupo, moved their livestreams to YouTube Gaming. YouTube has been paying talent to exclusively stream on its site, promising a more holistic approach and is not focused entirely on livestreaming.</p><p>But for those who <em>are</em> streamers first and foremost, Twitch still has the upper hand.</p><p>My colleague Michael Espinosa spoke with experts who broke down YouTube's ongoing play to become the dominant platform for livestreaming - and why, for now, it isn't.</p><p>With features like polls, gift subscriptions, and raids to connect with audiences and other streamers, Twitch is built for livestreaming and building a community.</p><p>YouTube, meanwhile, has trailed in that community-building, something industry insiders say are keeping some big names on Twitch.</p><p><strong><a href="https://www.businessinsider.com/twitch-youtube-battle-to-sign-top-streamers-nickmercs-drlupo-2021-10">Check out more on the battle to win over streamers, here.</a></strong></p><h3><a href="https://www.businessinsider.com/how-lionsgate-uses-tiktok-trends-promote-catalog-twilight-john-wick-2021-9"><div type="image" title="Twilight" height="1200" width="1600" msid="86840674" hostid="261"></div></a><a href="https://www.businessinsider.com/how-lionsgate-uses-tiktok-trends-promote-catalog-twilight-john-wick-2021-9">How the team behind Lionsgate's TikTok got movies like 'Twilight' and 'John Wick' to go viral</a><a href="https://www.businessinsider.com/how-lionsgate-uses-tiktok-trends-promote-catalog-twilight-john-wick-2021-9"></a></h3><p>TikTok users really want to know who's in charge of Lionsgate's account. A quick perusal of the top comments on its videos makes that clear.</p><p>"WHO IS RUNNING THIS ACCOUNT!?!?," one user <a href="https://www.tiktok.com/@lionsgate/video/6998976074415705349?is_copy_url=1&amp;is_from_webapp=v1p=v1">exclaimed</a>.</p><p>"IS THIS FR LIONSGATE?" another TikToker <a href="https://www.tiktok.com/@lionsgate/video/6930010889915518213?is_copy_url=1&amp;is_from_webapp=v1p=v1">asked</a>.</p><p>Dan has answers: He spoke with the studio's social media team about how it adapted a DIY-style focused on humor and trends to promote movies like "Twilight" and "John Wick." Think Gen-Z superfan, rather than a decades-old Hollywood powerhouse.</p><p><strong><a href="https://www.businessinsider.com/how-lionsgate-uses-tiktok-trends-promote-catalog-twilight-john-wick-2021-9">Read more on how their strategy developed.</a></strong></p><h3>Chart of the week: </h3><div type="image" title="TikTok Chart" height="718" width="1742" msid="86840677" hostid="261"></div><p>Launchmetrics released a study on TikTok and the power of creators in 2021. 50% of brands are measuring TikTok marketing campaigns based on impact on sales, according to the study. </p><p><a href="https://www.launchmetrics.com/resources/whitepapers/tiktok-takeover-report?utm_source=business-insider&amp;utm_medium=affiliate&amp;utm_campaign=21-wp-tiktok-takeover_eneover_en">Check out the full report here.</a></p><h2><div type="image" title="Emily Mariko" height="636" width="848" msid="86840682" hostid="261"></div></h2><h2>TikTok hashtag of the week: </h2><p>Every week, we highlight a top trending hashtag on TikTok, <a href="https://iq.kyra.com">according to data provided by Kyra IQ</a>.</p><p>This week's hashtag: <a href="https://www.tiktok.com/@beckhamsplate/video/7011596905398406405?is_copy_url=1&amp;is_from_webapp=v1p=v1">salmonbowl</a><a href="https://www.tiktok.com/tag/buildabish" target="_blank" rel="noopener"></a></p><ul><li><p>Percentage uptick over the last 7 days: 4,062%</p></li><li><p>The latest viral hashtag is centered around a new popular recipe that features leftover salmon, created by Emily Mariko. As a result of the trend, she has amassed nearly 4 million TikTok followers. Her <a href="https://www.youtube.com/c/EmilyMariko">original platform is YouTube</a>, where she posts vlogs and fashion videos. </p></li></ul><h1><div type="image" title="Emma Chamberlain" height="2374" width="3165" msid="86840686" hostid="261"></div></h1><h2>What else we're reading and watching:</h2><ul><li><p><a href="https://www.pipersandler.com/2col.aspx?id=287&amp;releaseid=19561&amp;title=Piper+Sandler+Completes+42nd+Semi-Annual+Generation+Z+Survey+of+10%2c000+U.S.+TeensS.+Teens">Teens' favorite influencer is Emma Chamberlain (unseating David Dobrik)</a> (Piper Sandler, Gen-Z Survey)</p></li><li><p><a href="https://vmagazine.com/article/digital-cover-emma-chamberlain-girl-of-the-21st-century/">YouTube star Emma Chamberlain on fashion and owning a coffee business</a> (Kevin Ponce, V Magazine)</p></li><li><p>Creator duo <a href="https://www.youtube.com/channel/UCamLstJyCa-t5gfZegxsFMw">Colin and Samir</a> said in a YouTube Short that they earned <a href="https://www.youtube.com/watch?v=bFyRNmg09xU">$14,500 from AdSense last month with 4 million views.</a><a href="https://www.youtube.com/watch?v=c8VcUnz3nVc"></a></p></li></ul><h2><a href="http://newsletter.businessinsider.com/join/influencerdashboard"><strong>Subscribe to the newsletter here</strong></a><strong style="color: #000000;">.</strong></h2><p>And before you go, check out the top trending songs on TikTok this week to add to your playlist. The data was collected by UTA IQ, the research, analytics, and digital strategy division of United Talent Agency.</p><div type="image" title="UTA IQ" height="1327" width="1062" msid="86840690" hostid="261"></div><h2><a href="http://newsletter.businessinsider.com/join/influencerdashboard"><strong>Subscribe to the newsletter here</strong></a><strong style="color: #000000;">.</strong></h2>

The top TikTok music power players in 2021

<ul class="summary-list"><li><strong>The Scottish actor <keyword id="218037" type="PERSON" weightage="60" keywordseo="Alan-Cumming">Alan Cumming</keyword>, known for "Cabaret" and "X-Men," is to co-host the LGBT+ <keyword id="1590914" type="PERSON" weightage="60" keywordseo="Podcast">podcast</keyword> Homo Sapiens this May</strong></li></ul><ul class="summary-list"><li><strong>He says being "curious about people" led him to the project</strong></li></ul><ul class="summary-list"><li><strong>He believes the strength of podcasting derives from not needing to look at screens.</strong></li></ul><ul class="summary-list"><li><strong>The actor hopes to break stigmas around topics like sex and gender conformity. </strong></li></ul><ul class="summary-list"><li><strong>He has won over 40 humanitarian awards for his LGBT+ activism </strong></li></ul><ul class="summary-list"><li><strong>He prefers the term queer if he is to use any label because it's "not just about what you do with your genitals."</strong></li></ul><ul class="summary-list"><li><a href="https://www.insider.com/?hprecirc-bullet">Visit Insider's homepage for more stories</a>.</li></ul><p>Alan Cumming is upfront about discussing sex. In fact, for some, his reputation for tackling stigmas transcends his reputation as a film and TV star. When not playing a lead in "X-Men" or a Bond baddie in "GoldenEye," the Scottish actor is an award-winning LGBT+ rights campaigner, passionate about using his surname in a light and comedic way to smash stigmas around sex and queer <keyword id="24504" type="ORGANIZATION" weightage="60" keywordseo="culture">culture</keyword>. Cumming also takes on prolific queer roles, like in the CBS show "Instinct" where he played the first-ever gay lead in an American drama.</p><p>Backstage at London's Old Vic theatre, where Cumming was starring opposite Daniel Radcliffe in existential Beckett play "Endgame," a towel is embossed with 'Club Cumming' after the star's naughtily-named New York bar and cabaret. It's carefully folded by the shower (On his website, Alan's fragrance 'Cumming' is advertised alongside a video of the actor seductively undressing with a hook-up).</p><p>Reclining on a narrow single bed half tucked under his dressing room table, Cumming seems more like he's about to hang out with close friends than conduct an interview, but he extends me a warm welcome. He's excitable as he scrolls through Meghan Markle news on his phone; his candor is to set the tone for the rest of the interview. We're meeting to talk about Cumming's new role as a guest presenter for the LGBT+ podcast Homo Sapiens, a role which seems a glove fit for Cumming's warm and chatty personality.</p><p>Periodically shouting at the speaker when it doesn't stop playing - "Alexa, f-ck you!" - Cumming is an addictive, heady mix of acerbic and approachable. Keen to approach Homo Sapiens with lashings of his own brand of LGBT+ activism, Cumming tackles serious subjects by offering comedy, intellect and a friendly ear.  </p><p>"I'm a chatty Cathy," he says, reclining further on the bed. His accent is still thickly Scottish despite years of Stateside living. The only giveaway that I'm in the company of a Hollywood actor is the expensive-looking reusable water bottle Alan's rhythmically shaking back and forth. "It's got a thing that goes through it, not infrared, the other thing? UV!" he explains, humanizing the bougie product with a big dollop of on-brand affability. "It cleans the water so you can have sh-tty old water and you shake it and it's clean." </p><p>"I'm curious about people," he continues, shaking the bottle from side to side. "I'm also good at disarming them, getting them to be open and vulnerable by just making them comfortable. I'm also good at letting people let go. When I DJ at Club Cumming I show people that I'm not going to judge you — I'm going to be jumping around and making a fool of myself."</p><p>And in 2020, podcasts have become Cumming's digital club room. "I think it's interesting to think about the difference between podcasts and the whole digital world; most of that's about looking at a screen and engaging just with a screen rather than listening. With podcasts, it's actually a more passive thing, you can actually be in the world and be doing stuff, or just listen on your phone."</p><p>Cumming may be good at disarming his guests, but he and co-host Chris Sweeney, a filmmaker who's also in the room, are keen to assert they aren't journalists. "I want it to feel like you're just having a chat with us," Cumming says. "I want it to feel like you're coming to my house, or I'm having a party in my apartment. This is an extension of that."</p><p>He dislikes the highly pressurized style of most TV show interviewers although he commends "that British boy" James Corden's approach. "It's so liberating to see people not just vomiting out their hilarious anecdotes. It's such a broken model I think."</p><p>Episodes in the fourth season of Homo Sapiens, launching this May, will respond to some of the current discussions prevalent within LGBT+ culture. They include the deconstruction of gender, the continued platforming of diverse voices, and the destigmatizing of conversations around sex, particularly anal sex.</p><p>Patti Smith and Stephen Fry are both guests in the new season which has a theme of icons, "but icons doesn't necessarily mean an older person," clarifies Cumming. One millennial interviewee is the burgeoning playwright Jeremy O'Harris. "He goes to an old folks home on a Monday night and plays bingo with all the old people and takes, what are those dogs everyone doesn't like because they're so scary? Massive head? Pitbulls. He takes pitbulls home and smothers them with love and tries to train them. And he always talks about trans issues, whenever there's an attack or a murder he's all over that. I think it's just about people who make a difference. And also he's fabulous."</p><p>"He speaks about being a black queer body and how objectified you are," adds Chris Sweeney. "People will happily message you on an app going, 'I like black dudes.' It's like, what?" Alan acknowledges that both he and Chris are white males tackling issues around diversity, saying the podcast could be a venue for anyone to "find out more about queer black culture" or other subjects explored with each guest.</p><p>Which guests would epitomize their message of inclusion and acceptance? "Let's get Harry!" Cumming bursts out seconds after Sweeney had noted how the former One Direction star Harry Styles has become an icon for people who feel different. He has been going out in public wearing both male and female clothes, and has refused to say whether or not he is gay, straight or somewhere inbetween. </p><p>Sweeney agrees with Styles that definitions are blurring. "I think it's also making sex sexier again," Cumming asserts. "Just kind of finding out what your desires are. Your desires, for me anyway, your sexuality and your desires change. It's never black and white. </p><p>Pansexuality is the latest sexual movement rapidly gaining pace. The label refers to people who prioritize the individual, regardless of their gender. "I think that's great but it's another fucking label, do you know what I mean?" says Alan. "I just feel like I like queer because queer is not just about what you do to your genitals."</p><p>And that may be Homo Sapiens' mission statement. To humanize queer issues and queer people, and ultimately to unite LGBT+ communities through the power of the podcast. </p><p>Cumming's fans will have plenty of 'brand Cumming' moments to treasure as episodes are delightfully peppered with his trademark declarations of sex positivity. I'm offered one myself when the interview wraps and I mention I'm looking forward for the forthcoming James Bond film "No Time To Die<em>,"</em> and that as a member of the LGBT+ community I've always wondered why I adore the series so much when Fleming declared that it was for heterosexual men.</p><p>Cumming's ears prick up. "James Bond? That's about a real sexy powerful man who does everything," he quips excitedly. "He's like Superman: he can kick butts, he can kill people, he's clever, he's funny, he's witty and he'd be a great f-ck!"</p>Read the original article on <a href="https://www.insider.com/alan-cumming-talks-his-new-podcast-homo-sapiens-queer-more-2020-3">Insider</a>

Alan Cumming on why he likes 'queer' and how he intends to break down boundaries with his new podcast

GOP Insider readers: Dump Trump!

<p dir="ltr"><span><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Today the Thiel Foundation announced its next class of 20 fast-tracked college dropouts hoping to be the next Mark Zuckerberg or Bill Gates. These Thiel Fellows will each receive $100,000 and a wealth of mentorship provided they forgo or drop out of college during the program's two years.</span></p><p dir="ltr"><span><span>Peter Thiel founded this program in 2011 on the assumption that college discourages students from trying new things and leaves them in horrendous debt. His program actually puts money in their pockets. The 80 current and former Thiel Fellows have raised over $142 million in venture capital and created at least $41 million in revenue.</span></span></p><p dir="ltr"><span><span>"Nothing forces us to funnel students into a tournament that bankrupts the losers and turns the winners into conformists," Thiel wrote in <em><a href="http://www.washingtonpost.com/opinions/peter-thiel-thinking-too-highly-of-higher-ed/2014/11/21/f6758fba-70d4-11e4-893f-86bd390a3340_story.html">The Washington Post</a></em>. "But that's what will happen until we start questioning whether college is our only option."</span></span></p><p><span style="line-height: 1.5em;">This year's fellows are focused on areas ranging from health food to genetic testing to fighting fraud. </span></p><p dir="ltr"><span>Many of the fellows distinguished themselves by pioneering completely new concepts. 21-year-old Olenka Polak is the co-founder of myLINGO, a free mobile app that lets you watch Hollywood films in theaters in different languages. Her strategy uses audio recognition software to perfectly sync the sound.</span></p><p dir="ltr"><div class="KonaFilter image-container display-table float_left"><div><div class="image on-image"></div><p></p></div></div><span><span>Harry Gandhi, a 22-year-old from Ontario, is the CEO of a startup designing smart contact lens to monitor health statistics. Gandhi plans to start with diabetes management, but dreams of fundamentally changing our healthcare system to be more proactive, and start treating us before we even show symptoms.</span></span></p><p dir="ltr"><span>But for every one of the 20 fellows, there were many more that didn't get a chance. </span></p><p dir="ltr"><span>"Demand for this program has exploded," Executive Director Jack Abraham said. The foundation received a record 2,800 applications for only 20 spots, making it more competitive than the nation's top colleges.</span></p><p dir="ltr"><span style="line-height: 1.5em;">In response to this demand, the foundation expects to expand the program to 30 fellows in the future, and will begin to accept applications on a rolling basis to move it even further away from the academic process.</span></p><p dir="ltr"><span>"Young people shouldn't have to wait until the end of a school year to build something awesome," Abraham said. "Our fellows learn more from the Fellowship than any college can teach."</span></p><p dir="ltr">Former Thiel Fellows have <a href="http://www.businessinsider.com/peter-thiel-fellowship-mixed-results-2015-2">seen mixed</a>, but generally positive results. <a href="http://www.businessinsider.com/eden-full-sunsaluter-thiel-fellow-2015-3">Eden W. Full</a>, who left Princeton to join the program, is one of its superstars. Her startup, SunSaluter, makes devices that bring inexpensive solar power and clean water to 15 developing countries. But contrast her story with that of John Marbach, who left the program because he found it too isolating. This can be one disadvantage of not learning in a college environment. </p><p dir="ltr"><span>Even when their ideas don't work out, however, Thiel Fellows are often able to pivot. After ditching his original e-commerce idea, Paul Gu created Upstart, an online lending platform which has snagged over $6 million in funding.</span></p><p dir="ltr"> <strong style="line-height: 1.5em;">Here's everyone in this year's class:</strong></p><ul><li>Caroline Beckman, 20 - Health and Wellness Products</li><li>Cathy Tie, 18 - Genomic Sequencing</li><li>George Matus, 17 - Unmanned Aerial Systems</li><li>Harry Gandhi, 22 - Wearable Medical Technology</li><li>Jason Marmon, 17 - Real Estate Technology</li><li>Jeremy Cai, 19 - Software, Human Resources</li><li>Jihad Kawas, 17 - Sharing Economy</li><li>John Backus, 21 - Software</li><li>John Meyer, 19 - Media, Crowdsourced News</li><li>Kieran O'Reilly, 19 - Animated GIFs</li><li>Rory O'Reilly, 20 - Animated GIFs</li><li>Liam Horne, 19 - Software, Retail Real Estate</li><li>Max Lock, 18 - Supply Chain Logistics</li><li>Ocean Pleasant, 17 - Media, Social Good, Technology</li><li>Olenka Polak, 21 - App-Based Software, Linguistics</li><li>Patrick Coughran, 21 - Logistics Software</li><li>Simon Tian, 20 - Wearables, Consumer Electronics</li><li>Stacey Ferreira, 22 - Technology, Entrepreneurship</li><li>Zach Latta, 17 - <keyword id="6355445" type="COMPANY" weightage="60" keywordseo="Education">Education</keyword>, Nonprofit</li><li>Zoli Kahan, 19 - Mobile Games, Software</li></ul>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/peter-thiel-mentorship-2014-12">Peter Thiel Explains Why Mentorship Is Tricky For Tech Companies</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="VwdGpkcjqx6OqhrgOIFBj1og4cPYaU_R" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Billionaire Peter Thiel is giving these 20 kids $100,000 to drop out of college and start companies

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>REUTERS/Paul Hackett</span></p><p class="caption">Jean Paul Gaultier arrives for the world premiere of ''Absolutely Fabulous'' at Leicester Square in London, Britain June 29, 2016.</p></div><p></p></div></div>Hello! Here's what you need to know on Thursday.</p><p><strong>1. <a href="http://uk.businessinsider.com/islamic-state-prime-suspect-after-suicide-bombers-kill-41-at-an-istanbul-airport-2016-6">ISIS is the prime suspect after suicide bombers killed 41 people at an Istanbul airport</a></strong>. The attack on Europe's third-busiest airport was the deadliest in a series of suicide bombings this year in Turkey.</p><p><strong>2. <a href="http://uk.businessinsider.com/brexit-goldman-sachs-vodafone-moving-uk-jobs-eu-referendum-2016-6">Vodafone is threatening to move UK jobs to the European Union and Goldman Sachs has warned that banks could do the same,</a></strong><strong><a href="http://uk.businessinsider.com/brexit-goldman-sachs-vodafone-moving-uk-jobs-eu-referendum-2016-6">following Britain's vote to leave the EU</a></strong>. Richard Gnodde, cohead of the Investment Banking Division of Goldman Sachs, said he wouldn't rule out moving some or all of the bank's 6,500 <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> staff members to Europe, according to The Times.</p><p><strong>3</strong><strong>. <a href="http://uk.businessinsider.com/puerto-rico-1-billion-default-friday-2016-6">Puerto Rico will default on $1 billion of debt on Friday</a></strong>. "<span>On July 1, 2016, Puerto Rico will default on more than $1 billion in general obligation bonds, the island's senior credits protected by a constitutional lien on revenues," t<span>he governor of the commonwealth, Alejandro García-Padilla, wrote in an </span>op-ed for CNBC.</span></p><p><span><strong>4. <a href="http://uk.businessinsider.com/ap-drug-pusher-deaths-jump-as-philippine-leader-takes-office-2016-6">Rodrigo Duterte was sworn in as the Philippines' president on Thursday</a></strong><span><strong>.</strong> The new leader, n<span>icknamed "Duterte Harry" <span>after the Clint Eastwood character, has promised to kill drug dealers in order to eradicate crime.</span></span></span></span></p><p><strong>5. <a href="http://uk.businessinsider.com/pmqs-cameron-tells-labour-leader-corbyn-to-resign-2016-6">British Prime Minister David Cameron put more pressure on opposition leader Jeremy Corbyn to resign after shouting "For heaven's sake man, go!" across the House of Commons on Wednesday</a></strong>. Cameron's remark comes as members of Corbyn's shadow cabinet continue to resign after the Labour leader lost a confidence vote.</p><p><strong>6. <a href="http://uk.businessinsider.com/russian-and-turkish-leaders-have-agreed-to-close-the-crisis-chapter-in-their-relations-2016-6">Turkish President Tayyip Erdogan and Russian President Vladimir Putin have agreed to close the "crisis chapter" in their relations, starting with resuming trade and dropping restrictive measures against Russian tourists visiting Turkey</a></strong>. The two countries have had a strained relationship since Turkey last year shot down a Russian warplane taking part in Moscow's military campaign in Syria.</p><p><strong>7. <a href="http://uk.businessinsider.com/egyptair-flight-black-boxes-stopped-recording-when-it-dropped-off-radar-2016-6">One b</a><a href="http://uk.businessinsider.com/egyptair-flight-black-boxes-stopped-recording-when-it-dropped-off-radar-2016-6">lack box on EgyptAir Flight MS804 stopped recording when it dropped off the radar at 37,000 feet, according to investigators who are continuing to analyse data from recovered flight recorders</a></strong>. The Airbus A320 plunged into the eastern Mediterranean Sea en route from Paris to Cairo on May 19, killing all 66 people on board.</p><p><strong>8. <a href="http://uk.businessinsider.com/donald-trump-gives-bizarre-response-on-courting-women-voters-2016-6">US presumptive Republican presidential nominee Donald Trump gave a seemingly off-topic response when asked on "The O'Reilly Factor" what his message to women will be</a></strong>. "I can tell you right now what it is. It's strength, it's borders, it's a strong military," said Trump, who is trailing Hillary Clinton 51% to 32% among female voters.</p><p><strong>9. <a href="http://uk.businessinsider.com/r-brazil-senate-planning-impeachment-vote-for-last-days-of-olympics-2016-6">Brazil's Senate is panning its final vote on the impeachment of suspended President Dilma Rousseff the day before the closing ceremony of the Olympic Games in Rio de Janeiro</a><span><span>.</span></span></strong> Rousseff would be permanently replaced by interim President Michel Temer, if she is found guilty of breaking budgetary rules to help win reelection.</p><p><strong>10. <a href="http://uk.businessinsider.com/michael-phelps-becomes-the-first-male-swimmer-to-qualify-for-the-olympics-5-times-2016-6">Michael Phelps has become the first male swimmer to qualify for the Olympics five times</a></strong>. "With everything that's happened and being able to come back, that was probably harder than any swim I've had in my life," Phelps said, after winning the men's 200-meter butterfly at the US Olympic swimming trials.</p><p><strong>And finally ...</strong></p><p><strong><a href="http://uk.businessinsider.com/joshua-browder-bot-overturns-160000-parking-tickets-2016-6">A 19-year-old created a free robot lawyer that has beaten 160,000 parking tickets</a>.</strong></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/everyday-phrases-smart-people-say-incorrectly-daylight-saving-deep-seated-2016-6">Everyday phrases that even smart people say incorrectly</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="44Z3ZoeDrznjy0zyuh6chLpAhZsFsPBY" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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