Different Fund Raising Levels in Brief
$8,000 – 2 km test
$20,000 – better sensors
$30,000 – at least 3 to 5 kilometer
$50,000 – new robot and at least 3 to 5 kilometer
$75,000 – transition from altitude to endurance
$100,000 – back in business for real
$250,000 – try for to climb to the limit of balloon technology , about 20 miles / 30 kilometers
$500,000 – tests with plants and animals at 30 kilometers
$3,000,000 – Full feasibility study and tests
They appear to be solidly on track for over $100,000 and probably about $120,000. A second kickstarter might get them to the $250,000 level.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.