{"id":12269,"date":"2021-03-23T18:49:03","date_gmt":"2021-03-23T17:49:03","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=12269"},"modified":"2021-03-23T20:47:53","modified_gmt":"2021-03-23T19:47:53","slug":"man-becomes-a-billionaire-in-24-hours","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/03\/23\/man-becomes-a-billionaire-in-24-hours\/","title":{"rendered":"How former Google employee, Dave Girouard’s networth skyrockets within 24 hours to become a billionaire"},"content":{"rendered":"

Forbes has announced ex-google employee, Dave Girouard as the latest tech expert to become a billionaire.<\/p>\n

He is now worth of $1.3billion. This comes after his company’s shares increased by a whopping 89% on a single day trading to make him a billionaire<\/a> within 24 hours.<\/p>\n

He was a former president of Google Enterprise Services where he built Google\u2019s cloud app business worldwide.<\/p>\n

Girouard founded Upstart, a marketplace lender that offers personal loans using non-traditional variables such as education and employment, to predict creditworthiness.<\/p>\n

While speaking to the thenativesociety.com, Girouard shared insights on how he founded Upstart and his vision for the company. He pointed out why and how he made millennials the target market for Upstart and how it worked perfectly.<\/p>\n

\u201cMy co-founders and I started the company based on the observation that people in their 20s don\u2019t really have access to credit on fair terms. They\u2019re considered \u201cthin files\u201d because they don\u2019t have a lot of history using credit. So it\u2019s kind of a catch-22 \u2014 how can you get good credit if you haven\u2019t used credit? But we came from Google, where we used a whole ton of data to make hiring decisions for this same demographic \u2014 where somebody went to school, what they studied, how they performed academically.<\/p>\n

So we figured that this type of information could not only be used to make hiring decisions but also to make credit decisions. If you\u2019re young, your educational background is critical to understanding your employment potential \u2014 and conversely your unemployment potential. And that information helps us better understand the relative risk of our borrowers,\u201d he said.<\/p>\n

Funding<\/strong><\/p>\n

Upstart received very robust funding from VC firms and Google. According to Forbes, Upstart received a sum of $160 million from Google Ventures, Third Point, Khosla Ventures, First Round Capital, etc.<\/p>\n

David Girouard\u2019s current net worth<\/strong><\/p>\n

On Thursday, March 18, Upstart witnessed its share skyrocket to a staggering 89% on a single trading day. The fortunes of Co-Founder David Girouard who owns over 14% of shares in the company ballooned to $1.3bn. He is currently the latest billionaire in the Fintech Space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Forbes has announced ex-google employee, Dave Girouard as the latest tech expert to become a billionaire. He is now worth of $1.3billion. This comes after his company’s shares increased by a whopping 89% on a single day trading to make him a billionaire within 24 hours. He was a former president of Google Enterprise Services […]<\/p>\n","protected":false},"author":9,"featured_media":12271,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[39],"tags":[3393,3391,3392,495],"class_list":["post-12269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-24-hours","tag-becomes","tag-billionaire","tag-man"],"yoast_head":"\nHow former Google employee, Dave Girouard's networth skyrockets within 24 hours to become a billionaire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/03\/23\/man-becomes-a-billionaire-in-24-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How former Google employee, Dave Girouard's networth skyrockets within 24 hours to become a billionaire\" \/>\n<meta property=\"og:description\" content=\"Forbes has announced ex-google employee, Dave Girouard as the latest tech expert to become a billionaire. 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