[BIackSwan]

Thanks for your reply.

1. The cost for a setup and maintenance is $2M for an entire Tier 1 city in India - that's peanuts compared to the revenue you will generate if the general public starts using the network and pays for it. You can self fund this to a large scale.

2. Wifi Dabba as an entity controls this infrastructure and that entity also controls the software that powers the infrastructure. The PoP is not an independent entity working in a decentralized matter. If the Indian govt says Wifi Dabba as an entity has to shut down - it can easily do so without any problems and the network goes down with it. So its hard to agree that this solution is truly decentralized.

3. There was some weird calculation error on $13.2M figure. I fixed it - sorry about that.

4. That I understand, but my question isn't about the legitimacy of the fundraise.

Apart from point #2 - my original question is not addressed.

Have you explored and ruled out traditional forms of financial instruments? If yes - why? If not - why not do that first for 1 or 2 cities and then the model can be flipped into public retail investment/franchise model at a later point once you prove a successful rollout on a city scale.

[mildlyclassic]

We have raised money from YC and other institutional investors and will continue to do so in the future. Our reason to enable public participation now is to bake it into a core part of our model while learning all the benefits and pitfalls of such a model as early as possible.

In the long run our hope is to lower the cost of the tech enough so that anyone can participate in the ownership and distribution of broadband at a reasonable price. This is the first small step in that direction.

[BIackSwan]

That makes sense. I wish you all the best and hope you succeed.