<p>[Sarah</a> Hanson, 19, Auctions Off Future Earnings To Launch Senior Living Map](<a href=“Sarah Hanson, 19, Auctions Off Future Earnings To Launch Senior Living Map | HuffPost Small Business”>Sarah Hanson, 19, Auctions Off Future Earnings To Launch Senior Living Map | HuffPost Small Business)</p>
<p>Not sure how I’d feel if my D did this…but I sure admire her gumption! Glad to hear a successful woman from tech world is funding…</p>
<p>[Would</a> the Real Sarah Hanson Please Stand Up? - Connor Simpson - The Atlantic Wire](<a href=“http://www.theatlanticwire.com/technology/2013/04/would-real-sarah-hanson-please-stand/64412/]Would”>http://www.theatlanticwire.com/technology/2013/04/would-real-sarah-hanson-please-stand/64412/)</p>
<p>More and more outlets are starting to question who ‘Sarah Hanson’ is… if true, it certainly is an interesting story.</p>
<p>Godspeed! Creativity at its finest!</p>
<p>wow, journalism at its finest. Help me out here. She is 19 and not a college graduate. The article doesn’t mention how much college she has had and more importantly, does not mention how much student debt she has… or did I miss that? All I got is that she sold 10% of her future earnings (from any source) for $125k, and it implied that the $125k would be used first to retire student debt, and then to finance her startup. But how much will be left after paying down her unknown student debt to finance her startup??? Will $125k be anywhere near enough to get that going? I guess she won’t be borrowing any money to finance the startup, or would she? Wouldn’t it be ironic if she borrowed money to finance the startup at less favorable terms than her student loans… which we have no clue about.</p>
<p>This “article” is what we get in the age of Twitter. 140 characters of tittilation instead of information.</p>
<p>ok, I read on and learn she may not in fact exist. Well, if she doesn’t exist then it’s all ok - we don’t need to know how much student debt she doesn’t really have.</p>
<p>I have thought about something similar to this. There was a kid in my son’s high school who was a whirling dervish of unorganized but highly creative ideas. He was always spewing out new concepts and trying to make something of them. However, he never had the funds, time, or outside support to make anything happen beyond the idea stage. His brain was never idle, but at the same time, his passion and explosive creative side-trips left little time for excelling in traditional academic pursuits and his gpa/test scores suffered as a result. He ended up at a middling college few have heard of and I have lost track of him.</p>
<p>However, I said back when he was in high school if it were possible to “buy stock” in a kid the way you buy stock in a company, that I would have done it for that kid in a heartbeat. You can just feel the drive and creativity around him and I know when he gets a little more mature and perhaps finds some mentoring he’s going to hit it big. But at the same time I said that it also felt wrong. It feels unseemly to take advantage of a kid by buying stock (or in this article’s case, a percentage of future earnings) because even though they have the raw talent and potential, they just don’t have the money to do it at the moment.</p>
<p>In a way, for this girl I wish it were more like buying stock because that would be more fair for her if/when she does hit it big. 10% of future earnings could be astronomical, and unfair given the ‘measly’ $125,000 investment…</p>
<p>Not much different from finding Venture Capital to invest $125k into her firm for a 10% stake. I admit Venture Capital Firms would have driven a much harder bargain.</p>
<p>I had a friend in grad school like that, yalemom. You could just TELL he was going to go far. Sure enough, he now has a bunch of engineering firms all over the country. You should see his house!</p>
<p>Bear in mind, the deal is 10% of her future earnings for the next 10 years only. Imagine after 9+ years of nonstop work and abject poverty she creates a marketable project, and the IPO is launched for $billions, after 10 years and 1 day. :D</p>
<p>@purpleacorn - interesting link. I wonder if she will turn out to be a fake, as your article suggests. One has to wonder what has happened to fact-checking before printing a story.</p>
<p>There was or is a site like myrichuncle or something like it who will help finance education for a % of income for a number of years. You had to apply and be in specific STEM majors or going for grad /pro degrees. I read about it initially but then nothing so not sure what happened.</p>
<p>Oh, just googled it. It went bankrupt and the students remain on the hook for the debts.</p>