Boulder, Colorado (PRWEB) May 06, 2014
Boulder, CO based RefactorU has partnered with Pave (http://www.pave.com), a peer-to-peer investment platform where up-and-coming, talented individuals can raise funding from experienced professionals to pursue their chosen careers. In exchange, the “Talent” make flexible payments that adjust to reflect their level of income over 5 or 10 years, while Backers can provide the value of their experience to help the talented individual’s chance of success.
Through an innovative Income-linked Payment Agreement (IPA) and proprietary income model, Pave simulates the earnings of each applicant for the duration of the funding agreement and provides guidance to set a funding rate for Talent. According to Pave’s co-founder Oren Bass, “Our model back solves for the income the Talent would need to share in order to provide his or her backers with a 7% annualized return. The result is a calculated funding amount, which identifies how much the Talent can raise for each 1% of income shared. Once the Talent has this information, he or she can determine how much funding to raise by linking payments that represent a small, affordable percentage (never more than 10% and often less) of personal income earned for the duration of the agreement.”
Pave offers RefactorU applicants the ability to fund 100% of RefactorU’s tuition with no cash down, with the availability of 5 or 10-year terms, and an expedited application process. Interested parties can learn more about these options by visiting http://refactoru.com or http://hello.pave.com/refactoru.
Pave was founded in 2012 to provide the means for talented, motivated individuals to accelerate in their chosen careers; and for experienced, successful professionals to have a direct, substantive impact in helping groups they care about achieve similar success. Based in NYC, Pave was created by a motivated team with expertise in law, structured finance and social networking at companies such as Apple, Facebook, Goldman Sachs, McKinsey, Microsoft and Visa.
Founded in 2013 and based in Boulder, Colorado, RefactorU accelerates the learning and development of the world's aspiring creatives, makers, and technologists. RefactorU empowers individuals to reinvent themselves to meet the needs of today's technology-driven economy while building lifelong professional networks for the future. RefactorU enables hiring managers to significantly improve bench strength while increasing employee retention and reducing risk.