A young company called Upstart makes it possible to buy a share of someone’s future income. From the side of the upstart, as the company calls its fund-seeking clients, it’s a way to facilitate riskier career moves while still being able to pay the iPhone bill.
It’s crowdfunding for castle builders—and micro-investing for mentors.
“The problem we’re trying to solve is we think young people don’t have the ability to optimize for their learning and their long-term success because they don’t have enough money,” co-founder Paul Gu told CNBC’s “Squawk on the Street.” “People who can’t get the right level of education or people who don’t work on start-up opportunities because they need to take the safe job.”
You may view a link of the video interview on CNBC here.