The first presentation of Day 3 was by ISEC President Dr. Peter Swan. He talked about raising money for the space elevator effort and ran through the pro’s and con’s of starting up an Institute vs. a Charitable Foundation. He talked about the type of people that could be approached, and the pitch that we in the community need to make; a space elevator is an investment in the future of mankind and should be approached that way. A financial payoff is there, but it is considerably down the road and occurs only after a large investment in the infrastructure of a space elevator.
Dr. Swan made the point that philanthropic “types” can have this long-term vision and therefore could be approachable with such a pitch. He concluded by talking about the ongoing efforts of he and ISEC to put together a “package” that can be used in this effort.