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UK Space Venture Proposal



 
 
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  #1  
Old January 28th 04, 12:24 PM
Michael
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Default UK Space Venture Proposal

Announcement, for your information, browse and act as you see fit.

Sterling-Bond announced proposal for an independent commercial space
venture.

This UK escrow and trade finance company has put a proposal before British
Prime Minister Tony Blair that a wholly private venture could be established
for worldwide benefit and at no cost to the taxpayer.

Full details of this proposal are available on the Sterling-Bond web sit at:

http://www.sterling-bond.com/pr006-space.htm




  #2  
Old January 30th 04, 04:49 AM
Jon Leech
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Default UK Space Venture Proposal

In article ,
Michael wrote:
Sterling-Bond announced proposal for an independent commercial space
venture.

This UK escrow and trade finance company has put a proposal before
British Prime Minister Tony Blair that a wholly private venture could be
established for worldwide benefit and at no cost to the taxpayer.


Shouldn't they be putting it before a VC firm, not a politician?

Full details of this proposal are available on the Sterling-Bond web sit at:

http://www.sterling-bond.com/pr006-space.htm


So they put it to Blair in order to get the

"full approval and support from the UK government as leader in what
could be a dramatic programme of scientific and industrial endeavour
likely to attract thousands of millions of pounds in investment and
create thousands of jobs."

How can their proposal be simultaneously "wholly private" and
approved, supported, and led by the UK government? I'm confused.

Jon
__@/
  #3  
Old February 4th 04, 07:50 PM
Henry Spencer
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Default UK Space Venture Proposal

In article ,
Jon Leech wrote:
This UK escrow and trade finance company has put a proposal before
British Prime Minister Tony Blair that a wholly private venture could be
established for worldwide benefit and at no cost to the taxpayer.


Shouldn't they be putting it before a VC firm, not a politician?


In an area which has historically been a government monopoly, they
presumably think that having the formal blessing of the government --
which, among other things, helps ensure that there will be no government
*opposition* -- would help them find private funding.

They're right, too. The first thing a sensible VC would want to know is
the government's views on the idea, and specifically whether the government
has any interest in stopping it or competing with it. VCs want to know all
about the risks of proposals, and "political risk" is the worst kind.

"full approval and support from the UK government as leader in what
could be a dramatic programme of scientific and industrial endeavour
likely to attract thousands of millions of pounds in investment and
create thousands of jobs."

How can their proposal be simultaneously "wholly private" and
approved, supported, and led by the UK government? I'm confused.


It's the proposal, not the government, which would be doing the leading.
As for "approval and support", that doesn't necessarily mean money.
--
MOST launched 30 June; science observations running | Henry Spencer
since Oct; first surprises seen; papers pending. |
 




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