Ambitious. Do you have any information about your fellow band members, your musical experience, the types of songs you'll be composing/playing, the instruments you need, where you guys are located, the plan you have to actually get people paying for your performances...
Actually it sounds kind of unlikely you have any of these, considering you're asking for money straight-up to buy the instruments. I'd like to know just what in the world you're thinking, exactly. You may have good intentions in mind, but I could just as easily go around telling people I'm trying to cure cancer with no plan of action.