Crowdfunding platforms across the web invite supporters to pledge money to all kinds of projects and businesses, but Pave, a New York startup launching Wednesday, wants its backers to invest in people.
As student debt climbs and new crowd investment models proliferate, Pave’s founders say their site enables students and other young people launching careers to connect with more established professionals willing to provide money and mentorship. In return for their investment, backers receive a cut of the student’s future earnings over a predetermined period of time.
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