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by aresant 5957 days ago
MyRichUncle attempted this at scale a few years back.

They built a cool algorithm to predict your future earnings, nd let people invest in you in exchange for a portion of your future earnings.

They quickly realized that this doesn't scale, and while they garnered a lot of attention thanks to the novelty of the idea, the business failed.

In a stroke of brilliance they leveraged their brand value into using MyRichUncle as a student-loan portal, and then after growing astoundingly fast, were nearly jailed for fraud and collusion with a handful of other scumbag student loan predators, and ultimately crashed and burned.