A new company lets recent college graduates sell a share of their future earnings in exchange for cash to help them start entrepreneurial projects.
The company is called Upstart, and it was founded by a former Google executive, David J. Girouard. It works by having investors give money directly to individuals in return for a percentage of future income from their ventures. Mr. Girouard expects it to be of interest to students who want to pursue any field that is entrepreneurial and high-risk, such as screenwriting or starting a technology company.
Five universities are participating in a pilot program with Upstart: Arizona State University, Dartmouth College, the Rhode Island School of Design, the University of Michigan at Ann Arbor, and the University of Washington.
To read the full, original article click on this link: Start-Up Lets Graduates Raise Money in Exchange for a Share of Future Earnings - Wired Campus - The Chronicle of Higher Education
