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Comment by foobiekr | Hacker News Reader

So let me get this straight. You are soliciting engagement and don’t even have the financials worked out?

I'd say we are 80% of the way there - every solar facility will have different traits and economics as an investment. We have the legal infrastructure and finance partners to make it happen pretty quick.

As with any investment, we can't make claims about financials until everything is finalized and vetted. That will have to wait until we have a pro forma ready to go. Soliciting 'indications of interest' is a fairly common practice across all industries.

To be clear, we are already financing larger $100K+ deals with friendly investors in our network as we design and engineer a product for a larger audience.

You are soliciting "indications of interest" with an estimated 7.3% yield with no justification whatsoever on the site to back it up.

That's why it's 'no commitment', but I would not set exceptions at 7.3% if I did not expect the product to be at or near that number. Our accredited investors do better, but again, that's with tax equity.

Without explaining your expectations that 7.3 number is nothing more than wishful thinking to someone that might be interested in your product. On top of that, your accredited investors have a short track record of returns and do not reflect the product you are soliciting - you admit it isn’t the same return structure. Without showing your work you are going to have a hard time convincing someone this is worthy of a commitment.

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