A
truism in the venture capital industry is that firms “invest in
people,” not just great business ideas. So what if that premise was
literally true?
Three entrepreneurs are offering a share of their life’s income in exchange for cash upfront and have banded together to form the Thrust Fund, an online marketplace for such personal investments.
Kjerstin Erickson, a 26-year-old Stanford graduate who founded a non-profit called FORGE that rebuilds community services in Sub-Saharan African refugee camps, is offering 6 percent of her life’s income for $600,000.
“So many friends are in the same boat as me — they’re struggling along, wanting to see so much more from their organizations or to let them fly on their own. But it’s hard not being able to get out of the daily grind and raise what you need for payroll,” she said. “The Thrust Fund is appealing because it lets me fast-forward a couple years.”
To read the full, original article click on this link: Entrepreneurs offer their life’s future earnings for an investment | VentureBeat
Author: Kim-Mai Cutler
