Jeff Foust Discusses The Colony Fund and Prize Money Sources

11/18/03 00:00:00    

By Michael Mealling

Jeff Foust discusses The Colony Fund and prizes (i.e. the XPrize) as funding sources for space ventures. I disagree with his metaphor of funding as the “ultimate rocket fuel”. Funding is something that comes after you've found a product/service that customers will buy. A paying customer is the real rocket fuel we're all looking for.