Founding a Research Company
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,750.00 | Status: | Cancelled |
| Grade: | A | DTI: | 39% |
| Lender Rate: | 33% | Borrower: | ProfTao |
| Finished | State: | MD | |
| Funded: | 100% | Group: | (No Group) |
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Purpose of loan: Founding a research company by taking my ($1,500,000+) research group off campus. I solve high-value problems via policy-relevant computational social science. We use computers ranging from our own cluster to government super-computers to (ideally) cloud computing to simulate pandemics and related large-scale emergencies, disasters, and conflicts in order to evaluate the relative risks and to optimize the allocation of scarce resources in order to save as many lives as possible. We also do spatial evolutionary optimization for a new generation of operations-research on complex systems, to optimize organizational designs and to design disaster-resilient location-allocation of services. This summer of 2008 I am founding a research company to take my Lab Team off-campus as a non-profit research company to do this work full time. Much as I love teaching, this research is worth many times my academic salary, and full-time research work supports rather than compromises returning to academia sometime in the future. This is for secure multi-year government-funded research on topics for which funding is increasing by an order of magnitude, and which is not tied to or dependent upon the current administration. Thanks very much to all lenders. Prosper is a great idea and I would far rather be paying my interest to you than to banks. Thanks for being here! I am looking forward to becoming a lender too within the next few years. My financial situation: This loan will provide three months of bridge funds so that I can work full-time on setting up the research company rather than staying locked into my far lower 9-month teaching salary that would otherwise have to begin again later this month. (Personal income will increase to approximately $150K when funded at half-capacity, up to $300K when funded up to full capacity.) Monthly net income: $ 5,000 (--> $10,000 to $20,000) Monthly expenses: $ Housing: $ 2,100 Insurance: $ 100 Car expenses: $ 50 (paid off, new company will rent part of my house) Utilities: $ 250 Phone, cable, internet: $ 125 Food, entertainment: $ 250 Clothing, household expenses $ 50 Credit cards and other loans: $ 1200 Other expenses: $ 75 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 226304 | Cleanup PostGrad Credit Cards | A | $9,750 @ 10% | Nov 05, 2007 | Loan created |
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