Proposal: Investment for LoomLogic Prototype Development
Objective
To secure an investment of 62.5 ETH (~$200,000) to build LoomLogic’s first prototype, aiming to revolutionize textile recycling.
Deck: Loomlogic Deck v1 - Google Slides
Background
Founded six months ago, LoomLogic has assembled a world-class team and partnered with Trans Americas Trading Company, a leading textile recycler in North America.
Proposal Details
The funds will be allocated as follows:
- $35,000: Automate data harvesting using a camera and Nvidia Jetson system.
- $2,000/month: AWS expenses for model training.
- $150,000: Hardware and robotics R&D.
None of the funds will be used for founder salaries.
Benefits
Investing in LoomLogic will generate significant press for the Nouns community and contribute to solving a critical environmental issue. By automating textile recycling, LoomLogic will make the process economically viable in the US, increasing recycling rates and reducing waste.
Timeline
8 Weeks: Complete data harvesting and pipeline setup.
6-8 Months: Conduct hardware testing and prepare for a public demo.
Team
Marcus Shoberg: Machine Learning Engineer
Developed military-grade computer vision systems, Harvard CS, decorated veteran (Purple Heart, Bronze Star).
Dan Cantando: Strategy & Operations
8 years in sustainable fashion (DJC Vintage) and experience in blockchain and consumer electronics startups.
Alex Naishuler: Software Engineer
Northeastern University CS graduate, co-founded Northeastern AI Club.
Help us change the world by supporting LoomLogic, and we will ensure the world knows the Nouns community made it possible.
Investor Deck: Loomlogic Deck v1 - Google Slides