General > General Technical Chat
Solar Freaking bike parking
nctnico:
--- Quote from: Zero999 on March 06, 2024, 07:35:32 pm ---Just because it's privately funded, it doesn't mean it's viable or sensible. Look at all the crappy crowd funded products which have fallen flat. It means nothing. Ignorant investors will through their money at solar because it's cool and seen as environmentally friendly, irrespective of whether said project is any good or not. :palm:
--- End quote ---
Crowd funding is entirely different compared to private funding. For private funding you need a very solid business plan with lots of paperwork. You can't even begin to compare.
Zero999:
--- Quote from: nctnico on March 06, 2024, 07:43:54 pm ---
--- Quote from: Zero999 on March 06, 2024, 07:35:32 pm ---Just because it's privately funded, it doesn't mean it's viable or sensible. Look at all the crappy crowd funded products which have fallen flat. It means nothing. Ignorant investors will through their money at solar because it's cool and seen as environmentally friendly, irrespective of whether said project is any good or not. :palm:
--- End quote ---
Crowd funding is entirely different compared to private funding. For private funding you need a very solid business plan with lots of paperwork. You can't even begin to compare.
--- End quote ---
So there are absolutely no crappy ideas which have been funded privately and have flopped horribly. :palm:
Siwastaja:
--- Quote from: nctnico on March 06, 2024, 07:43:54 pm ---For private funding you need a very solid business plan with lots of paperwork.
--- End quote ---
Are you smoking something? Quite obviously you can privately fund anything you want to. Completely depends on investors.
Nominal Animal:
--- Quote from: nctnico on March 06, 2024, 07:08:30 pm ---You won't convince me all the investors are (run by) complete idiots.
--- End quote ---
I'm not trying to. If an investor funded this particular project hoping it would break even or make a profit, they certainly are a complete idiot.
I don't understand how you'd jump from that to "all investors are (run by) complete idiots".
But I was not even suggesting that. I said that when this kind of project are done (where even a cursory examination shows it will not be profitable), they are done for other reasons, with the proposers knowing full well it will fail and not be profitable. Most often, the reason is to spend taxpayer money on something fun and interesting that provides good publicity for the decider and pays a nice salary for those doing the project, even though everyone knows it will provide almost nothing in turn for the taxpayers themselves, and thus be a waste of money. (In municipal or city scale, often the deciders are indeed so stupid they believe the marketing-speak as truth, so they may not know; but they typically won't even care, and only care about how the project will reflect on their own person.)
Strangely, it seems to me you are assuming I am somebody who kills and rejects all new projects, simply because I consider this one laughable.
I've supported stranger and obviously less profitable projects with my own hard-earned money and time, so your insinuations are way off. Just sayin'.
The difference is, they were honest up front and stated it was an experiment that is not expected to yield a profit, and was not claimed to be a solution in itself, just research. You know, like most billion-dollar fusion reactor projects thus far. None of the installations are supposed to turn a profit, or even break even on the energy produced versus energy consumed.
Nominal Animal:
As to investor logic, it is useful to remember that "angel investors" funding startups and pies-in-the-sky projects expect fewer than one in ten to actually succeed. Nine out of ten will be failures and not turn a profit, but that one in ten, the one nobody could have guessed would be it, will generate enough profit to fund the entire strategy.
So, if an investor funds your project, it does not mean they believe it has a 100% chance of making a profit. It can mean as low as 10% chance of making a profit. Very often, investors also care about their image, and fund projects they believe has a 0% chance of making a profit, but which brings positive publicity, because the cost of otherwise obtaining such publicity would be larger than funding that project.
As an example, consider big budget movies: their marketing budgets are often at least as large as the budget for making the movie in the first place, sometimes bigger.
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