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

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.


Tags: , ,

CFB Finance


How to successfully run a crowdfunding campaignThe Next WebCrowdfunding campaigns have become the go-to funding strategy for new startups and entrepreneurs. Everyone is turning to crowdfunding to get their businesses off the ground. It is oversaturated with ideas and not a given that [...]

The Next WebCrowdfunding vs VC Money - an entrepreneur's perspectiveThe Next WebEquity crowdfunding is growing, and fast becoming a real alternative to raising Venture Capital. Crowdcube have just claimed their first crowdfunded exit. After closing our own £2M crowdfunding round [...]

CNBCImplement JOBS Act crowdfunding rule nowCNBCOne of the last remaining pieces is the rule to implement crowdfunding. The SEC now says it expects to issue a final rule in October. If it delivers then, the rule will come out approximately 1,000 days after the deadline set by Congress [...]

Crowdfund InsiderSparkUp Puts Lovemoney on Steroids with New Spin on Equity CrowdfundingCrowdfund InsiderSparkUp is a new French startup, the brainchild of 24 year old, now 26. And yes, age matters. Why? Because it takes a lot of disruptive energy to reinvent equity crowdfunding when [...]

Crowdfund InsiderColorado's Equity Crowdfunding Law Is Set to Go Live August 5thCrowdfund InsiderJust four months after Colorado announced its equity crowdfunding law, the Centennial State's government officials announced that its residents will be able to participate in equ [...]

Crowdfund InsiderEric Cantor Pounds the Table on Finalizing Title III Crowdfunding RulesCrowdfund InsiderEven though Cantor is no longer in Congress, he still regularly shares his perspective and today he took to the pages of CNBC to lambast regulators and politicians who have failed [...]

And also… Porn on parliament computers; crowdfunding for historic space suit ...euronewsThe Smithsonian's debut on the Kickstarter crowdfunding platform has come to the rescue of Neil Armstrong's space suit. The US museum complex launched a campaign to raise half a million d [...]

Washington City Paper (blog)A Brief History of DC Museums' Crowdfunding AttemptsWashington City Paper (blog)In an age of online crowdfunding for Veronica Mars films and expensive Uber rides alike, D.C. museums have expanded their fundraising tactics beyond the snail-mail solicita [...]

EngadgetYotaPhone 2's US launch canceled after crowdfunding successEngadgetWe sort of loved the dual-screened YotaPhone 2, and we weren't alone -- nearly 450 people ordered devices from the company's Indiegogo campaign earlier this month, and a few of them are going to [...]

CoinTelegraphHow Innovation in Crypto-Crowdfunding is Empowering Micro InvestorsCoinTelegraphSome of the rapid innovation in this space is even encouraging regular users to become stakeholders, while showing the potential investor that the product is less likely to drop in value immed [...]

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 |

Press Release