If I could give you 100% of your current annual salary in cash right now, would you trade me 10% of your earnings over the next 10 years?
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Replying to @AustenAllred
The only reason to answer is 1) You have an extremely immediate need for capital 2) you believe you won't have made at least 2X your salary in aggregate above your current salary over 10 years
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Replying to @nikillinit
Right. I'm curious mostly as to 1. If I can kill your credit card or student loan debt and your salary increases it's a win for both
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Replying to @AustenAllred
I think this also depends on the career trajectory of a person, if there's supposed pretty sharp upward trajectory than that tradeoff is massive I think this arrangement makes sense for a massive upfront cost (school, surgery) that increases that trajectory
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Replying to @nikillinit
Yeah. So what if there's a scenario where I pay off your student loans in exchange for equity in you? Could potentially be a win for both parties
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Replying to @AustenAllred @nikillinit
Whatever happened to Upstart? This was their whole pitch no?
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Replying to @_ArnaudS_ @nikillinit
They pivoted into non-traditional student loans
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Replying to @AustenAllred @nikillinit
Right but was it because the former model was not viable or just that their current model is a lot more profitable?
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I'd assume both, but not sure
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