fikrikarim / companies-with-successful-pivot

List of startups/companies that had successful pivots
MIT License
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Add new company: Upstart #14

Closed darrellsilver closed 2 years ago

darrellsilver commented 2 years ago

Company Name?

Upstart

What's the company main business today?

Direct to consumer lending

What did the company do in the early days?

Allow people to sell their future earnings for cash today, usually to repay student debt.

What caused the company to pivot?

Everyone believes they'll make a million dollars a year someday.

Source?

https://en.wikipedia.org/wiki/Upstart_(company)

fikrikarim commented 2 years ago

Hey thanks for adding the summary! I changed the description a bit and make this link as the source: https://review.firstround.com/fresh-off-ipo-upstarts-ceo-shares-why-the-startup-isnt-a-typical-success-story

Let me know if you think there could be a better wording or source. Thanks!