San Francisco -- Peter Thiel, the co-founder of PayPal who currently serves as president of Clarium Capital and managing partner of The Founders Fund, on Wednesday announced the 2012 class of "20 Under 20" Thiel fellows. Each will receive $100,000 over two years from the San Francisco-based Thiel Foundation to pursue their scientific and technical projects and begin to build tech companies. "Pundits and hand-wringers love to claim that universities are the only path to a successful life, "said Thiel. "In truth, an inquisitive mind, rigorously applied to a deep-rooted problem can change the world as readily as the plushest academic lab." A full list of recipients -- including three from the Bay Area -- is available at the link below.