The project is very interesting and I hope it succeeds, yet from a financial perspective I do not understand why to fund it through retail investors/franchise model/crowd debt funding.
From an investor's perspective there is limited upside with full default risk, yet the risk is hardly addressed. If the risk really was low, then why not self-fund the first X PoPs and convince with data on customers, ROI etc.?
From an investor's perspective there is limited upside with full default risk, yet the risk is hardly addressed. If the risk really was low, then why not self-fund the first X PoPs and convince with data on customers, ROI etc.?
See also https://news.ycombinator.com/item?id=24799084