Guest: Paul Breed. Topics: Low cost space access & developing a nanosat launcher. You are invited to comment, ask questions, & discuss the Space Show program/guest(s) on the Space Show blog, http://thespaceshow.wordpress.com. Comments, questions, & any discussion must be relevant & applicable to Space Show programming. Written Transcripts of Space Show programs are not permitted without prior written consent from The Space Show (even if for personal use) & are a violation of the Space Show copyright. We do not permit the commercial use of any Space Show program or part thereof, nor do we permit Space Show programs to be edited, placed on YouTube, or other private channels & websites. Space Show programs can be quoted in news articles, papers, academic & research work, but must be cited or referenced using the proper citation format. Contact Dr. Livingston for questions about our copyright & trademark policies. We welcomed back Paul Breed of Unreasonable Rockets to discuss space business plans, low cost space access, NewSpace outcomes to date, & his nanosat launcher business concept. In our first segment of this two hour discussion, Paul started out by presenting us with an overview of space access & NewSpace vehicle development starting with the Shuttle through today. We talked about both orbital & suborbital launches & his comparing the suborbital industry with the orbital launch industry. He made a very good case for his comparison but see what you think after hearing our discussion. Paul summarized & discussed the vehicles under development & then he gave us an overview of his nanosat launcher concept. He told us that we could download & read his business plan & more at his blog, www.unreasonablerocket.blogspot.com. He has three documents on his blog for your download & review. In our discussion, Paul outlined his financial performance characteristics for his concept & responded to listener questions about it. Charles called in to support Paul's concept & to plug his Microlaunchers concept. I brought in Dr. John Jurist on another line who joined in talking about the business plan Paul made available on his blog. Some of the issues talked about were one man business operations as opposed to a company with staff, engineers, etc. key man insurance, venture capital considerations, company infrastructure, & funding levels. We also talked about what makes an effective business plan. John & Paul then entered a discussion about nanosat launcher first stages as opposed to needing a two or three stage rocket. In the second segment, the issue of venture capital flowing to hardware as opposed to software came up for discussion. I referred to earlier programs plus a lecture we had at the NewSpace meeting about the flow going to software now, not hardware. Paul continued on with some of the technical concepts for his nanosat launcher concept, we talked about the three components of cost plus market timing, financial interest in such a plan, & the fact that the nanosat launcher market is undergoing exponential growth. Paul also talked about "hitchhiking" secondary payload rides, academic launches for cubesats & the market for the launches, & the interest in nanosat launchers outside the U.S., especially the entrepreneurial interest in such a business. Paul talked about the fact that NASA has set very high expectations, that Hollywood movies have done the same & that such contributions to the industry are & have been destructive. Don't miss this discussion. We talked about some of the newer technologies available today including 3D printing & crowd source financing as examples. In concluding our discussion, Paul asked for listener feedback on his business plan & concept as well as for ideas using Kickstarter as a possible source of financing. Please post your comments/questions on The Space Show blog per above. Paul can be reached directly through is own blog.