MILLIONAIRES

drag2share: Why Millionaires Are Lining Up To Help Students Pay Off DebtHow does it work?What’s in it for the backers?

source: http://feedproxy.google.com/~r/businessinsider/~3/Fi04DkjO1K0/upstart-helps-students-pay-down-loans-launch-businesses-2013-7

Upstart, a company aimed at helping college students-turned-entrepreneurs raise funds for business endeavors (and pay off lingering student debt), is barely a year old and already has wealthy entrepreneurs lining up to give young people a leg up.

They must be doing something right. Since launching in November 2012,  more than 200 backers have made 1,000 unique investments in Upstart projects. Of the 120 Upstarts on the site now, about half have been successfully funded.

L.A.-based entrepreneur Tony Safoian was an early supporter of the site. He’s run his own successful cloud computing and IT consulting firm, SADA Systems, for over a decade, working closely with Upstart’s founders back in their Google days.

“It took me a while to understand the business model, but I definitely feel like [Upstart] is potentially groundbreaking,” Safoian told Business Insider. “I always like being on the ground floor, not taking a massive risk but … literally being a customer or a member and getting integrated that way.”

How does it work?

After passing a rigorous background check, would-be entrepreneurs build a fundraising page with their business proposal and credentials laid out, just like an artist might raise funds on Kickstarter. Then, the site’s cache of “backers” (i.e. investors) have their pick of the litter. Investments start at $100, and backers can fund however much or! little they’d like. On the flip side, Upstarts can also deny investments from backers if they choose.

What sets Upstart apart from other crowdfunding sites is the option backers have to also offer themselves up as a mentor.


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Thursday, July 11th, 2013 news No Comments

How The NBA Lockout Is Killing Businesses

Source: http://www.businessinsider.com/nba-lockout-infographic-2011-11


nba lockout infographic

The NBA lockout a bummer for a fans, but a back-breaker for businesses.

Jane Hendrick put together a nifty infographic for G+ on who the lockout is hurting, and how badly.

It’s pretty concise, and does a nice job illustrating the collateral damage of the dispute.

The NBA lockout, where nobody scores and everybody loses. Let’s take a look at how bad…

Here are the five players who are losing the most: more than $1.5 million per bi-weekly paycheck

Cities are getting hammered too, especially small ones where NBA teams have a huge impact on the local economy

See the rest of the story at Business Insider

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Tuesday, November 22nd, 2011 news No Comments

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