So, tonight on Radio Le Mans David Brabham announced the launch of Project Brabham. There are a few details on the Indiegogo site, but it sounds like quite an interesting concept and it'll be fun to see how it develops. I've already pledged £25 for one of the early fan packages and they've already hit about £5000 pledged (from a £250,000 goal) after a bit more than an hour.

Thoughts?

This is awesome.

500£ to be moderator on their forum... probably not the smartest way to get competent moderators

I cannot see this working to be honest, the recent crowd funding efforts I have seen have all caved before reaching the first goal figures. Racing is a financial pit of the highest order and if you put any significant sum into it the chances are you will lose it. At which point do you put your money in and at which point (should the target not be met), do you get your money back? No thanks, not going to put a single penny into something so risky.

Interessting. It is a bit similiar to http://www.perrinn.com/ (open source LMP1 car)