RE: Re: [Project] Project funding

["Phil Harris" <phillip.harris1@xxxxxxx>]

I was just concerned at people shelling out for components out of their own
pockets when the projects are for the good of the group...

Phil

> -----Original Message-----
> From: Dr John Tankard [mailto:john@xxxxxxx]
> Sent: 30 May 2001 11:01
> To: ukha_d@xxxxxxx
> Subject: RE: [ukha_d] Re: [Project] Project funding
>
>
>
>
> > > 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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