“Rocket science” engineer creates a new form of digging: instead of using drilling, HyperSciences has designed a bullet to be shot at Mach 5 speeds shoots and pulverizes hard rocks. With this bullet, HyperSciences should be able to bring down the cost and speed of deep earth drilling, allowing for newly economic applications in geothermal energy harvesting, oil digging, and tunnel boring. NASA contracts imply that for short distance launches, HyperSciences also substitutes for small rockets.
Minimum: $200 Crowd Note, Aug 2018
|1. A syndicate lead who has been investing for at least five years and has at least one notable, unicorn investment||Fail: Not sure who the syndicate lead is|
|2. A startup that is based in Silicon Valley||Fail: 1314 S. Grand Blvd., Suite 2-133 Spokane, WA 99202|
|3. A start that has at least two founders (with two, you have a backup in case one quits)||Fail: Only Mark Russell, though reading through the circular, there’s some weird stuff going on.|
|4. A startup that has a product or service that is already in the market (you’re not qualified to invest in startups that haven’t released their products—and frankly you don’t need to take this risk.)||Fail: Only grants, research partnerships, and other stuff.|
|5. A startup that has either (a) six months of continuous user growth or (b) six months of revenue.||Fail: Though the NASA contract just took place.|
|6. A startup that has notable investors.||Pass: Mike McSherry, Boost & Swype ($100MM to Nuance)|
|7. A startup that, post-funding, will have eighteen months of cash remaining, commonly referred to as runway (ask the founder and syndicate lead how many months of runway they will have post-funding)||Pass: Yes, $20k in ops cost a month, with CEO compensation at $250k a year.|
- Hard science startup
Want to read the whole post?
You don't have access to this post on Startup Investing for All by Muhan Zhang at the moment, but if you upgrade your account you'll be able to see the whole thing, including comments, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.