[AR] Re: Funding for projects
- From: Thomas McNeill <thomas.mcneill@xxxxxxxxx>
- To: arocket@xxxxxxxxxxxxx
- Date: Tue, 8 Oct 2013 23:45:16 -0400
Aidan,
Is this a university club project? There are plenty of options there.
When I was at UCF our SEDS club managed to get good funding from local
companies and the university. If it is on your own I have to say $7.5k
isn't much. I could swing that on a part time job or some freelance work.
It might delay my projects some but I would have the money. It you were
needing $75k or $750k then it is a bigger problem.
Thomas
On Tue, Oct 8, 2013 at 10:38 PM, Aidan Sojourner <aidan@xxxxxxxxxxxx> wrote:
> How do you guys get funding for your projects? My team has a wonderful
> design that will probably never see the light of day due to lack of funds.
> We are expecting upwards of $7.5k for the project, something that none of
> us can manage.
>
> We have thought about kickstarter, but I personally don't see the appeal.
> Why would someone donate $100 for ANOTHER PERSON to go do something? It's a
> donation, sure, but what does the donator get out of it? For Video
> Games/Movies/other content, the donate gets the content. This is why
> Kickstarter is successful in this category. What exactly does the donator
> get in our case, save for a magnificent view of earth from onboard our
> project? I would never pay $10, let alone $100 for that, and I don't know
> anyone else who would.
>
> Another option is a capital investment from a single source. How would you
> convince someone to give you $7.5k to send a sounding rocket to 200,000
> feet? The same with kickstarter, what exactly would they get out of it?
> CSXT got a lot of funding from the GoFast energy drink company. How did Ky
> manage to swing this? Was it simply because it was a large, historic event?
> The recent "Aeropac 100k" project in 2012 got funding from Google, I
> believe since Google wanted to do a commerical based on the project. In
> both of these examples, the donator got their name heard. (google has not
> yet, although I hear they are going to release the commerical sometime this
> fall) Everyone in the rocketry community heard of the "GoFast Rocket", and
> the google commercial will likely bring more revenue in sales than they
> spent.
>
> </wall of text>
> Maybe I seem negative. What have you guys tried/thought about? I am open
> to any suggestions, and I would love to get this project started.
>
>
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