Today, this company called Upstart, which lets you buy equity in people (and then get a cut of their income — potentially even all capital gains, as verified by tax returns — for ten years afterward) launched and announced funding from Kleiner, NEA, Google Ventures, First Round, Crunchfund, and Mark Cuban.
It looks like they have a really smart team (Tons of Xooglers! Celebrity investor! Thiel fellow!), and this is obviously super innovative... but it still strikes me mostly as a colossal legal nightmare.
Felix Salmon wrote about them, skeptically, in March, and I'm inclined to agree: "The legal advice alone that you would need to protect yourself would probably consume most of what you raised."
What do you think?