Nashville teenager Mark Daniel, 19, is the latest recipient of the Thiel Fellowship.

The Thiel Fellowship is a program, established by PayPal founder Peter Thiel that encourages young people to quit college and work on their startup. When admitted into the program participants move to San Francisco and receive $100,000 over two years, in addition to top shelf mentoring, and working alongside like minded students.  During the two year program, participants must not attend college.

It’s a pretty prestigious honor to be selected into the Thiel Fellowship program. Since the program was introduced in 2011 they’ve launched over 30 companies and raised over $34 million dollars.

“As we welcome a new class of determined young people into the Thiel Fellowship community, we also celebrate the pioneering spirit of our 2011 and 2012 fellows,” said Jonathan Cain, president of the Thiel Foundation. “Over the past two years, they have launched more than thirty companies, and raised more than $34 million in outside funding, including venture investments, company sales, revenue, grants, sponsorships, and awards. They have been hiring employees, launching products, engaging with vendors and manufacturers, and advising some of the world’s most well-known technology companies. And now they’re helping the next generation of tech researchers and entrepreneurs by mentoring future cohorts of Thiel fellows.”

Over two years, each fellow receives $100,000 from the Thiel Foundation as well as mentorship from the Foundation’s network of tech entrepreneurs, investors, scientists, thought leaders, futurists, and innovators. Projects pursued by the 2013 class of fellows span numerous cutting-edge science and technology fields, including robotics, computer science, telecommunications, education, photonics, game development, cyberdefense, biotechnology, health I.T., law, neuroscience, fashion, and personal manufacturing.

Jim O’Neill, partner at Mithril Capital Management and fellowship co-founder, said, “Pessimists are correct that we still live in a world of scarcity and suffering. And optimists are correct that better science and technology can relieve these problems immensely. But contrary to both sides, nothing is inevitable. The young men and women Peter has appointed are committed to improving the quality of life for countless people through skillful execution of new ideas, and I am confident they will succeed.”

Daniel joins 19 other students his age who he will work alongside during the program. Daniel’s starutp, StatusHawk is a web based application that compiles and formats workplace status reports into one easy to read format.

This isn’t Daniel’s first startup. StatusHawk is an offspring of his first startup, GoalHawk, which was a social crowdsourcing platform that he cofounded with Sumukh Sridhara a California developer in 2011.

Daniel is looking forward to focusing on StatusHawk, which he says is more valuable than the actual money. The company has a dozen companies lined up to begin beta testing the product, report the Tennessean.

“As we see more and more people using mobile in their daily work, it’ll be a natural progression,” Daniel said. “I think we’ll be in a very strong position in two years. I believe we can be a $100 million company.”

Now read this: It takes a village or a startup community to build an entrepreneur center.