I was reading a VentureBeat article on entrepreneurs giving rights to a percentage of their future earnings for an upfront cash investment for their business. The website is called Thrust Fund. You can think of it like giving money to a promising filmmaker who may have the next Star Wars movie. I’d like to get in on that for sure except that usually 9 of 10 business fail. Also, is there any guarantee that the entrepreneur will find a job after so many failures? I definitely like the twist on finding a new way to fund startups. Would you sign up as an entrepreneur and/or investor?
From the Thrust Fund website:
Here’s how it works:
- Thrust Funders learn about Entrepreneurs.
- When the Funder sees an Entrepreneur of interest, she or he submits an inquiry to that Entrepreneur and coordinates a time and manner to discuss passions, plans, and pursuits.
- When a Thrust Funder decides to support an Entrepreneur, she or he may negotiate exactly what that support will look like.