Colleges are foundries of creative business ideas. But for many recent graduates, the size of student debt is a near-unscalable obstacle, stalling ideas the moment they enter the working world.
That's where Upstart comes in, a networking site connecting "backers" with "upstarts," or angel investors with money-strapped graduates.
Focusing on people, backers are able to arrange investment agreements, where, for instance, upfront capital is given for a percentage of future revenue. They also "might, for example, choose to raise money to pay for student loans for a year while they try to pursue their dream of becoming an actor or launching a tech startup," writes GOOD education manager, Liz Dwyer.
Upstart is just one tool to get an idea off the ground, but its unique approach in attracting passionate, young graduates and like-minded investors (one backer is Alexis Ohanian, co-founder of Reddit.com) makes it a great middle ground for innovators. Don't let money stall your idea.
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