Khosla Ventures, Eric Schmidt, Marc Benioff and Scott Banister pony up for Series A round as Jessica Jackley and Bob Kerrey join board of startup that matches college grads with backers.
A proposed MIT Media Lab project backed by Lab director Joi Ito would allow the lab’s corporate sponsors to fund work by promising graduates.
Despite the inexorable move to the cloud, some companies cling to the idea that the risks outweigh the benefits. Dave Girouard, former President of Enterprise for Google, argues that the logic these skeptics use is, well, “insane.”
VC-backed Upstart aims to help smart college graduates fund the startups of their dreams in return for a slice of their future earnings. So what’s so wrong with that? Plenty, according to Daniel Abadi, chief scientist of Hadapt and associate professor at Yale.
Sometimes the lack of $10k means the difference between life and death for a startup. Upstart, says founder Dave Girouard (formerly president of Google Enterprise) will match college grads with patrons who will back their proposed startups money and advice.
Former Google exec David Girouard’s Upstart wants to match promising, not-necessarily-techie college entrepreneurs with backers and mentors. The goal is to fuel the creation of a new generation of startups that would otherwise never see the light of day.
The first official casualty reports emerged this week in Free Mobile’s price war against Frances’ mobile powers that be. Orange reported a 615,000 subscriber loss. But while people are flocking to Free in droves there are signs of trouble ahead for the upstart operator.