Legends Solar – Buy operating solar panels on commercial solar farms
Potentially interesting idea, but the founding team doesn&#x27;t inspire a lot of confidence: <a href="https:&#x2F;&#x2F;www.legends.solar&#x2F;v2-the-team" rel="nofollow">https:&#x2F;&#x2F;www.legends.solar&#x2F;v2-the-team</a><p>One &quot;product designer&quot;, one former art gallery manager, and one embedded engineer with a couple years of experience.<p>Advisors include another &quot;product designer&quot;, someone who describes themselves as a &quot;storyteller film maker&quot;, and someone in the solar financing space. At least there&#x27;s one person in here with semi-related solar financing experience.<p>Of course, it&#x27;s entirely possible for a scrappy team like this to execute on a startup if they can get all of the right pieces aligned. I do get skeptical when the founding team and advisors have more &quot;designers&quot; than doers, though. Seeing the founder have &quot;summer design associate&quot; as a title within the past few years doesn&#x27;t really inspire confidence in a capital-intensive solar company.<p>Would love to see them succeed! However, I would need to see some proof that they can execute before I&#x27;d even consider touching this. This is the kind of business where you lose any claim to your solar panels the second they go out of business, and many lenders are happy to prey on those scenarios.<p>The numbers on their example page also raise a huge red flag that they don&#x27;t seem to understand the economics at all: <a href="https:&#x2F;&#x2F;www.legends.solar&#x2F;get-early-access" rel="nofollow">https:&#x2F;&#x2F;www.legends.solar&#x2F;get-early-access</a> $250 as an estimated investment for a panel they show as 350W is way below the installed cost that anyone is pulling off right now. I&#x27;m guessing they picked random numbers to collect interest to fundraise with, not from actual models.<p>Honestly, I&#x27;d much rather see a corporation set up as a publicly-traded company that builds solar installations and pays out a dividend to investors. That keeps investors aligned with the company and maintains their claim over the installations. The way this is set up feels like it&#x27;s designed to strip rights from individual retail investors by funneling their investment through the platform while someone else owns the company.