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: , ,

Live Crowdfunding .tv

Crowdnetic's Crowdfinance 2014, Expert Panel : Legal Considerations : Watch more video library | Conference | Interview | Campaign Showcase | Research | Education | ....MORE VIDEOS

CFB Latest Headline News

KGUN 9Crowdfunding sites continue to grow, help more familiesKGUN 9TUCSON (KGUN9-TV) - James Oliphant says he's spent every minute of the last two weeks at UAMC, while his wife Sherrie awaits open heart surgery. "It's just been a little bit of a nightmare," said Ja [...]

Faces in the crowd: WNC crowdfunding initiativesMountain XpressCrowdfunding platforms make it possible for individuals and organizations of any size to harness social networks and raise startup capital for projects that might otherwise fail due to lack of funding. Each week, Xpress hi [...]

Crowdfund InsiderCrowdfunding Mailbox: Tobacco Motorwear, Pantelligent, & Wrap Makes Your ...Crowdfund InsiderWinter Crowdfunding Mailbox I continue to be amazed and awed by the creativity and innovation exemplified by crowdfunding campaigns and the creators that launch them. Crow [...]

MLive.comRick Haglund: Why aren't Michigan businesses raising money through crowd ...MLive.comMichigan is a leading state in creating a legal framework for crowdfunding, which allows businesses to solicit needed funds from small investors using the Internet. But businesses have s [...]

CBS LocalWith Launch UMD, University Gets Into CrowdfundingCBS LocalCOLLEGE PARK, Md. (AP) — What do beekeepers, marching band members, engineers and choir singers all have in common? They all raised money for various projects through Launch UMD, a new crowdfunding platform at the Uni [...]

Boston GlobeA new age of giving with crowdfundingBoston GlobeIn 2013 alone, crowdfunding campaigns raised $5.1 billion, up from $2.7 billion from the last year. And while 17 percent of that money went to startups and entrepreneurial projects, and nearly 20 percent went to various arti [...]

Crowdfunding To Narrow The Gender Gap in Venture CapitalForbesIf you don't know the story of women and venture capital, you should. Here's what the data says… Of the 6,793 companies funded by VCs between 2011 and 2013, only 2.7% of those companies had a woman at the helm as [...]

NewsFactor NetworkJolla's tablet smashes the $1m crowdfunding barrier in less than 48 hoursThe Next WebFounded by a group of ex-Nokia employees who wanted to give MeeGo a second chance, Jolla was the first smartphone to offer a fresh take on the forgotten platform, which is calle [...]

New York TimesSEC's Delay on Crowdfunding May Just Save ItNew York TimesWhile the Securities and Exchange Commission dawdles, states are rushing to adopt their own crowdfunding rules. Ironically, it may just be the thing that rescues crowdfunding from a regulatory death grip. In [...]

First Time Crowdfunding? Here's What You Need to Know.EntrepreneurAdam Chapnick, former head of Indiegogo, notes that an abbreviated business plan works best for most crowdfunding sites. “Make a big fat business plan—then throw it away,” says Chapnick, adding that it's impor [...]

Press Release