Upstart is a company that makes it possible for users to raise money for entrepreneurial projects. The people that raise the money pay lenders back with a percentage of their income for 10 years. The company has raised $5.9 million in Series A funding led by First Round Capital. Other investors in this round include Founders Fund, Khosla Ventures, Collaborative Fund, Eric Schmidt (Google executive chairman), Marc Benioff (Salesforce.com CEO), and Scott Banister (IronPort co-founder). Kiva co-founder Jessica Jackley and former Nebraska governor Bob Kerrey have also joined Upstart as advisors.
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