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RE: Re: [Project] Project funding


  • To: <ukha_d@xxxxxxx>
  • Subject: RE: Re: [Project] Project funding
  • From: "Dr John Tankard" <john@xxxxxxx>
  • Date: Wed, 30 May 2001 11:01:24 +0100
  • Delivered-to: rich@xxxxxxx
  • Delivered-to: mailing list ukha_d@xxxxxxx
  • Mailing-list: list ukha_d@xxxxxxx; contact ukha_d-owner@xxxxxxx
  • Reply-to: ukha_d@xxxxxxx



> > Has anyone thought about financing development?
> >
> > At some point all these suggestions and ideas are (hopefully)
going to
> > require someone (or several people) to dig into their pockets to
buy
> > components. Given that this is becoming a "group"
project then shouldn't
> we
> > find some way of group financing stuff?
>
> Good point.  I think each project should have several 'sponsors'. 
Perhaps
> once devices/modules start appearing in a useable state, any
> 'profits' (of a
> percentage) made from kits etc. should be distributed back to the
sponsors
> (to a maximum % - we aren't trying to make huge profits - but
> perhaps those
> coming forward with cash should be entitled to a small share of any
> success), and any excess going forward to the next project.  Perhaps
there
> could be different levels of sponsorship - say £20 gets your name
> in lights,
> £50 gets you a % return (if successful) and maybe £100+ would give you
a
> larger % return and free rights and/or cost price for any kits etc.
> produced....  Something to provoke some thought.....
>

Its a problem, with no ideal solution, I am not sure I like this approach
because this project is not just about money, I could put a couple of
hundred quid in (actually I already have), sit back and do nothing collect
some money back including a profit when the hard work is done. Keith could
put no cash in and work 100's of hours and get nothing.  What I am trying
to
say is the initial money will be small compared to the time people will
have
to put in.

Personally I would prefer that _IF_ the prototypes work AND we start to
build units, the cost of the initial units includes some form of expense
payment for those who have purchased parts. So no one ends out of pocket.
If
after we have field tested the initial parts in our own homes and we decide
to sell units then any profit we make is divided up for all of us based on
a
honest assessment of the amount of work put in OR it all goes to buy the
parts for the next device.

I am sure that most of use are not in it for them money.

John





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