Indenture
Income-share agreements from day zero. A seed round for your child.
W24ActiveFintechEducationFamily OfficeAn income-share agreement lets an investor fund a student's education in exchange for a slice of future earnings. They work. Their only flaw is timing: by 18, most of the upside is already priced in. The real alpha is at birth.
With Indenture, parents sell 4% to 12% of a newborn's lifetime earnings to accredited investors. Proceeds are intended for the child's benefit, a term our lawyers have defined to include a kitchen renovation, provided the child eats there.
Investors get quarterly updates (reading level, piano, height percentile), pro rata rights on siblings, and board observer seats at parent-teacher conferences. Our secondary market lets early backers exit around middle school, when the data gets noisy.
Our largest customer is Fett (YC S22), whose Kahnmunities we package into diversified 1,000-child tranches. They're rated AA. Nobody at the ratings agency would tell us on what basis, which we found reassuring and familiar.
Active founders
Henrietta Vaszary-Bloom
Co-founder & CEO
Former structured-products banker and mother of three, all oversubscribed.
Cyrus Aldana-Whitby
Co-founder & CTO
Built the earnings-prediction model. Its strongest feature at birth is the parents' zip code, a finding he calls "depressing but extremely investable."