Follow-Up No. 2: This is ‘Sarah Hanson’: Startup founder confesses to idiotic plot to hoax tech press

Follow-Up: Does ‘Sarah Hanson’ exist? The story of this 19-year-old entrepreneur may be a hoax

What do you do when you are sick of school, want to jumpstart your business idea but have no way to fund it?

Simple — auction off a portion of your paycheck for the next ten years.

That’s exactly what Seattleite Sarah Hanson just did, and now the 19-year-old has $125,000 in cash to pay off her college debt and fund her startup, Senior Living Map.

The developer who’s been coding since she was 12 years old doesn’t necessarily hate the college experience — “I go to a good school, with good teachers, and have made some good friends,” Hanson writes — but she realized that a degree won’t be of much help to Senior Living Map, a map-based senior living search engine that Hanson built herself.

So Hanson pitched an offer on 32auctions.com. The terms: Once a year for the next ten years, Hanson will provide an investor with a check for 10 percent of her after-tax income, using a tax form to prove that she has provided the proper amount to the investor.

“It doesn’t matter where the income I receive comes from, whatever the after tax sum is for each year, the investor will see 10 percent of it,” Hanson said.

Sure enough, after sending 1,000 investors from angel.co messages, she found a San Francisco-based investor willing to put down $125,000 to Hanson.

If the 10 percent for 10 years ends up being less than $125,000, “then it ends up being less,” Hanson said.