From dream into reality CrowdFunding Hyperloop

hyperloop travel

JumpStartFund founder and CEO Dirk Ahlborn believes that California should ditch its costly high-speed rail project in favor of developing Hyperloop.

NEW YORK DAILY NEWS – JumpStartFund founder and CEO Dirk Ahlborn thinks Musk’s Hyperloop could be a viable alternative to California’s costly high-speed rail project.

Elon Musk is apparently not the only person with an 800-mile-per-hour pipe dream.
Two top U.S. engineers have signed on with a crowdfunding site to help turn Musk’s “Hyperloop” transportation system into a reality.
Dr. Marco Villa, the former director of mission operations for SpaceX, and Dr. Patricia Galloway, the first woman president of the American Society of Civil Engineers, will help lead and manage development of the “Hyperloop” tube that could someday transport passengers from Los Angeles to San Francisco in 30 minutes.
“There does not seem to be any technical issues on this project that we can’t solve, even if we do not know right away, we will figure it out,” Villa said in a statement released by JumpStartFund, the southern California crowdfunding startup that has committed to building Musk’s design. “Hyperloop is a very complex system and we look forward to receiving input and support from all the brilliant minds out there in the JumpStartFund community.”
Elon Musk, founder and CEO of SpaceX and founder of Tesla Motors, has said he doesn’t have enough time to pursue Hyperloop.

hyperloop travel

JumpStartFund, a crowd funding site, announced Thursday that two prominent U.S. engineers had agreed to try and bring Elon Musk’s Hyperloop to life.

JumpStartFund founder and CEO Dirk Ahlborn told the Daily News that his team has set a goal of conducting scale tests of Hyperloop by the end of 2014.
“We’ve been working on the crowdfunding concept for a while, so when Elon Musk came out with his white paper for the Hyperloop but said he didn’t have the time to actually develop it, it was perfect for us,” Ahlborn said.
Over the past few days, more than 20,000 people have visited JumpStartFund’s website seeking more information on Hyperloop, and Ahlborn hopes that some who do will also be drawn to lend their expertise to the project in exchange for equity in the transportation company that eventually emerges.

See CrowdFundBeat Related Video

http://crowdfundbeat.com/video/?p=3717

As California begins construction of a high-speed rail line connecting northern and southern California, Hyperloop remains just a concept, but one that has passed early simulation tests.
Given the continual cost overruns and court challenges to the rail system, however, Ahlborn hopes that Hyperloop, which promises to cut the travel time between L.A. and San Francisco to just 30 minutes, will be seen as a legitimate alternative.
“We may be a competitor for the high-speed rail,” Ahlborn said. “I think Hyperloop would be a great solution to California’s transportation needs. The high speed rail cost is now at, what, $42 billion? Hyperloop will end up being much cheaper than that.”
Still, even the project’s biggest supporters know that big dreams can be dashed quickly, too.
“I believe this project will revolutionize how transportation will be viewed for future travel to and from major cities similar to the way the Concorde almost changed air travel,” Galloway said in a statement.
dknowles@nydailynews.com
@writerknowles

Source: DAVID KNOWLES / NEW YORK DAILY NEWS
Link: http://www.nydailynews.com/news/national/elon-musk-hyperloop-project-draws-top-engineers-article-1.1466597

Tags: , ,

HEADLINE NEWS

Huffington PostCrowdfunding to Build CommunitiesHuffington PostReal estate crowdfunding allows accredited and non-accredited investors alike to browse deals on the Internet and invest in projects that are shaping the development of American communities. To propel the industry on a pat [...]

Crowdfund InsiderAn Inside Look at Legion M Investment Crowdfunding Success ...Crowdfund InsiderLegion M is one of the early success stories of Reg CF investment crowdfunding. Legion M raised $1 million on Wefunder with the backing of over 3000 indiv.and more » [...]

CNBCCrowdfunding hopefuls line up to become next Indiegogo starsCNBCFrom ill-defined prototypes to full-fledged products, crowdfunding platform Indiegogo has helped mint millions for virtually unknown product innovators, and turned a few into household names. Products that have hit it [...]

New Israeli Crowdfunding Platform Starts Micro Funds Named After Donors [video]The Jewish PressLivinGift, a new Israeli crowdfunding platform, www.LivinGift.org, has been launched a few days ago and is now raising donations for its first two social impact projects: a course training H [...]

Mountain XpressFaces in the crowd: WNC crowdfunding initiatives | Mountain XpressMountain XpressA SOUND THAT CARRIES: Americana, blues and rock burrow into the songs on Ashley Heath's debut solo album A Different Stream. If successful, her current ...and more » [...]

Android Authority (blog)Crowdfunding project of the week: the Blade4000 is a portable charger that also expands storageAndroid Authority (blog)Crowdfunding project of the week: the Blade4000 is a portable charger that also expands storage. by: Edgar Cervantes6 hours ago. 290. 6 284. k [...]

Tri-City HeraldCrowdfunding dinner Sept. 29 in Pasco spotlights 4 new projectsTri-City HeraldPasco SOUP is a crowdfunding initiative “to raise awareness and provide tangible support to good, community-based solutions,” said coordinator Isaac Myhrum. Four presenters whose ideas would b [...]

Startup crowdfunding workshop to educate Jacksonville entrepreneurs on pitfalls of raising capitalFlorida Times-UnionCrowdfunding has become one of the go-to choices of funding for startup entrepreneurs who need some financial help getting their businesses off the ground. But that app [...]

Stuff.co.nzLimitless watches clock up crowdfunding cashStuff.co.nzStart-up wristwatch business Limitless is on track to raise more than $30,000 in crowd funding cash after 230 Kiwi and international backers piled into their capital raising campaign. Limitless which uses the brand name [...]

Huffington PostSavvy Crowdfunding TechniquesHuffington PostCrowdfunding is a popular way to raise money for entrepreneurial, social and charitable projects. Folks use crowdfunding to launch new sneaker designs and to fund schools in developing countries; this online crowd-supported to [...]

CFB Finance

Press Release

CrowdFund Beat News

Thanks for the recent follow @plussizedime_43 @TMcGirlverMtzgy Happy to connect :) have a great Monday. >>by commun.it/?aid=thankyou1…

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |