Leaving Google behind, Dave Girouard is leaving to launch his own startup, backed by Kleiner Perkins, NEA, and Google Ventures.
The company is called Upstart, and it lets you “raise capital in return for a small portion of your future income,” according to the company’s website.
Upstart is aimed at funding people, not companies, VentureBeat has learned. Upstart makes no reference to equity on its site, indicating that it may be thinking of making cash loans to companies, much like a bank makes loans in return for getting paid back with interest — but we were unable to confirm this. Interest rates are extremely low right now, suggesting that many entrepreneurs would consider this a smart strategy. Giving up equity in return for cash is considered one of the most expensive ways to fuel a company’s growth.
To read the full, original article click on this link: Google’s President of Enterprise Dave Girouard leaves to launch Upstart | VentureBeat
