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Summary:

JumpStartFund will provide a platform for people to submit ideas and evaluate suggestions from others. If all goes well, they could also provide a funding platform for the project.

hyperloop capsule in tube
photo: Elon Musk

The hyperloop — Tesla and SpaceX founder Elon Musk’s proposed ultra-high speed transit system that would take riders from San Francisco to Los Angeles in half an hour — is about to get the crowdsourcing treatment. It was posted today on JumpStartFund–a Quirky-like site for startups and product ideas.

“We would like to put all the separate efforts people are working on right now in one spot on the web,” CEO Dirk Ahlborn said. “I’m a big fan of the [hyperloop] personally. I think there’s a lot of things that need to be ironed out. It’s a process.”

Like Quirky, JumpStartFund provides a place for people to submit ideas for a project and vote other contributions up or down. Participants are rewarded with “advisory points,” which signify the royalties they will get if a project ever comes to fruition. JumpStartFund also provides a platform for crowdfunding or investing in projects if they make it past the development stage.

JumpStartFund decided to post the hyperloop on its site after reaching out to SpaceX and receiving an encouraging response. Musk has publicly stated that while he will consider building a prototype of the hyperloop, he would prefer another organization to design and build the hyperloop. Ahlborn said JumpStartFund means to take charge. If the project is well received, then they’ll do everything they can to make it a reality.

“We want to make this project happen, and of course in order to make it happen at the end, money is going to play a large role,” Ahlborn said. “It’s clear it’s a large sum, so it seems like it’s an impossible goal to reach 6 or 9 billion dollars. Our idea right now is just to be like, let’s try and do something and not just talk about it. Let’s brainstorm, crowdsource and get on the next stage.”

  1. Christopher Rucinski Thursday, August 29, 2013

    How about a direct link? I could not find it, and something closely related (via search) lead me basically to a 404 page

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    1. You can access it here: http://www.jumpstartfund.com/index.php/hyperloop.html. The link has been added to the story as well.

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  2. ‘CEO Dirk Ahlborn said. ”I’m a big plan of the [hyperloop] personally.”

    I’m a big fan* ? is that a typo ^? :|

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    1. Thanks for pointing that out. It’s now fixed.

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  3. The Hyperloop looks to be an exciting option for fast distance traveling, but similar to current public transportation options like San Jose’s light rail system or Caltrain, it relies on the public to travel to and from specific destinations. Our BiModal Glideway would be a better solution as it would provide the same high speed distance travel, but allow drivers the freedom to go from door to door during their commute.

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