Have you ever wanted to invest in a young person - invest in him or her as you would a stock or a bond? Basically, investing in the person's future value?
Now you can, via a website called Upstart.
Dave Girouard, Upstart's cofounder and CEO, was formerly president of Google Enterprise, and dreamed up the idea of backing young people financially.
Rather than invest in a company, Upstart backers invest in young people, like University of Pennsylvania 2012 graduate Michael Olorunnisola.
Olorunnisola and other students raise capital they need from individual backers to retire their student debt and get their start-up companies off the ground. In exchange, the new graduates share a small percentage of their personal income over five to 10 years with their backers.