Lots Of Ideas on the Forum: So Crowdfund

[hellouser]

Seems like everyone has an opinion but nobody wants to do anything positive just pick holes and point out why this project is doomed.

Downward slopes are easier to overcome. People are lazy.

[UK_]

I dont know much about science or contributing to research but I would be more than delighted to donate to a project started and conducted by some of the regular names on this forum... even if it's raising funds for the likes of Histogen or whatever.

[NeedHairASAP]

I wasn't trying to pick holes. I was just giving my two cents. I'm a startup consultant.

I think:

1. will you be a third party fund raiser for histogen?

2. an actual pharma startup?

What will you test?

Can you Legally? (patented?)

Where will you? (I suggest outsourcing to a testing company, that will run your tests for a small fee)

[garethbale]

If we do get this up and running I would rather donate to an already established company, such as Histogen. Why start from scratch when there is already companies working on this?

[hellouser]

If we do get this up and running I would rather donate to an already established company, such as Histogen. Why start from scratch when there is already companies working on this?

Because Histogen isn't taking 'donations' from the public and the crowdfunding initiative isn't a whole new project to compete against Histogen.

[garethbale]

Because Histogen isn't taking 'donations' from the public and the crowdfunding initiative isn't a whole new project to compete against Histogen.

are you sure about that?

I thought they would accept funding. Are they not allowed to?

[Supersixx]

crowd funding for a hair loss cure will run into double digit millions of dollars. and if you were to raise such money, why give it to histogen or any other company for that matter. all they would do is f the money up like in the past. these guys have access to millionaires and billionaires so funding is never a problem ...clearly, they just don't have anything that would make it worth funding. instead of trying to solve the problem on a forum (lol) , why not bring awareness to the situation through marketing. billboards , ads etc. put the industry on blast and spark up the conversation. let the public put the pressure on pharmaceutical companies to do better...remind them of the billions to be made. And then you would see a change. Trust me, they're very very rich people out there that would want in.

[hellouser]

crowd funding for a hair loss cure will run into double digit millions of dollars. and if you were to raise such money, why give it to histogen or any other company for that matter. all they would do is f the money up like in the past. these guys have access to millionaires and billionaires so funding is never a problem ...clearly, they just don't have anything that would make it worth funding. instead of trying to solve the problem on a forum (lol) , why not bring awareness to the situation through marketing. billboards , ads etc. put the industry on blast and spark up the conversation. let the public put the pressure on pharmaceutical companies to do better...remind them of the billions to be made. And then you would see a change. Trust me, they're very very rich people out there that would want in.

A grassroots initiative has to start somewhere, thus the forum being the place where all of us can work together to move things forward with a real campaign. I've mentioned doing this many months ago to start a campaign outside of the forum, but my suggestions fell on deaf ears. Although I think its pretty obvious though that we're working on a separate platform to roll out the campaign.

[UK_]

crowd funding for a hair loss cure will run into double digit millions of dollars. and if you were to raise such money, why give it to histogen or any other company for that matter. all they would do is f the money up like in the past. these guys have access to millionaires and billionaires so funding is never a problem ...clearly, they just don't have anything that would make it worth funding. instead of trying to solve the problem on a forum (lol) , why not bring awareness to the situation through marketing. billboards , ads etc. put the industry on blast and spark up the conversation. let the public put the pressure on pharmaceutical companies to do better...remind them of the billions to be made. And then you would see a change. Trust me, they're very very rich people out there that would want in.

1) Because they would be closer to market than starting a whole new venture from scratch.

2) They already have the business model in place.

3) They already have 2 successful clinical trials and a patent victory over a multinational corporation.

4) Because the owner of the company has stated herself that additional funds via a kickstarter would speed up the process of bringing the product to the market.

5) It's common sense to fund the strongest player in the game.

Also... your assumption that "money is never a problem" is laughable, Gail Naughton was running Histogen off her credit cards in 2009, so to assume that these small bio-tech start-ups have a limitless access to money is the most idiotic assumption anyone could make.

It's actually quite DANGEROUS to make that assumption because you're effectively convincing people NOT to help Histogen by perpetuating a lie about their supposed access to finance.

Regarding your final statement@ "trust me" < lol - there are also "very rich" people who would like a cancer cure, does that mean bio-tech companies that are working on cancer treatments have an endless supply of cash?

[hellouser]

1) Because they would be closer to market than starting a whole new venture from scratch.

2) They already have the business model in place.

3) They already have 2 successful clinical trials and a patent victory over a multinational corporation.

4) Because the owner of the company has stated herself that additional funds via a kickstarter would speed up the process of bringing the product to the market.

5) It's common sense to fund the strongest player in the game.

Also... your assumption that "money is never a problem" is laughable, Gail Naughton was running Histogen off her credit cards in 2009, so to assume that these small bio-tech start-ups have a limitless access to money is the most idiotic assumption anyone could make.

It's actually quite DANGEROUS to make that assumption because you're effectively convincing people NOT to help Histogen by perpetuating a lie about their supposed access to finance.

Truth.

And thank you

[Californication]

Yeah, I too favor supporting an existing company even if its not the total cure because 1) actually getting something to market is huge 2) it, if successful, encourages competition.

Getting a professional with experience with the legislation on crowdfunding is a great start. Hellouser, have you and axel ironed out any details yet or come up with a game plan, lets try to get this moving as there seems to be at least 5-10 people in this thread willing to help in whatever way they can.

[HairBane]

Is Histogen still a viable treatment compared with Replicel, Follica etc? I thought their recent trial results disappointed? If it still looks decent/compoundable I'd be happy to donate to a kickstarter. I think it would get a lot of interest - title it 'A cure for balding' and you'll get millions.

[NeedHairASAP]

Is Histogen still a viable treatment compared with Replicel, Follica etc? I thought their recent trial results disappointed? If it still looks decent/compoundable I'd be happy to donate to a kickstarter. I think it would get a lot of interest - title it 'A cure for balding' and you'll get millions.

Histogen isn't a "seed-stage" startup-- for which funding is VERY hard to get. They are pretty deep into the game... the fact they are garnering less and less investment as they get farther and farther into trials is worrisome-- to say the least.


One question would be: if donations would help, how much? A ballpark of what the timeline is now and would it could be before we fork over money blindly.

I mean, if their cure is that great, why isn't a veteran bio-investor giving them the gap-funding they need?

Garnering seedstage investment is tough no matter what. But if you have anything worth your salt that's in a 2nd stage trial, you'd have gap funding-- histogen doesn't.


If we were to run our own trials on some of the very promising drugs, we need to put together a team of real people with experience. There is no reason, with the funding, you can't pay (cash+stock) a legit team of persons to do this.

[Axel]

UK_ nailed it...

The platform should let any companies to showcase their projects and engage directly with the community (final clients), so they get critical feedback and a market testbed for their product. The finality is to bring Open Innovation to the table. It has to be a collaborative initiative and ALL the players are invited.

I have told hellouser that in order to maximize pledges and get as much money as we can, we should push and encourage companies about rewarding the pledgers with *the treatment*, including it in the product tier rewards... I.e:

Pledge 20 and get a sticker.
Pledge 50 and get a t-shirt
Pledge 100 and get a t-shirt + dermaroller
Pledge 250 and get all the above
Pledge 500 and get xyz
Pledge 1000 and get treatment for 1 year.
Pledge 2500 and get treatment for 3 years
Pledge 5000 and get the complete treatment. (Permanent results)
Pledge 10000, bronze Sponsor
Pledge 25000, gold Sponsor
Pledge 50000, platinum Sponsor

Yes, we must fund the companies that are closer to A TREATMENT, this could get megatons of cash for the companies and will bring us what we ALL want. And the tiers should include options for sponsorship... You never know who could drop you a nice help in exchange of good publicity.

Yeah, I too favor supporting an existing company even if its not the total cure because 1) actually getting something to market is huge 2) it, if successful, encourages competition.

Getting a professional with experience with the legislation on crowdfunding is a great start. Hellouser, have you and axel ironed out any details yet or come up with a game plan, lets try to get this moving as there seems to be at least 5-10 people in this thread willing to help in whatever way they can.

Any help in any field is welcomed.

I would prefer to pick european ground for the legality tho. Launching an UK foundation (CIC) should be a no brainer, and use it to give to the project the consistency it requires should be equally easy. Yes, we'll need to fill papers, but thats just normal bureaucracy. I have launched way more complicated online businesses before...

Anyways, the next step is writing down all this stuff in a more schematic and ordered way. We are going to work in a shared google doc, and if required we will setup a dedicated wiki.

More news to come soon

[Supersixx]

1) Because they would be closer to market than starting a whole new venture from scratch.
2) They already have the business model in place.
3) They already have 2 successful clinical trials and a patent victory over a multinational corporation.
4) Because the owner of the company has stated herself that additional funds via a kickstarter would speed up the process of bringing the product to the market.
5) It's common sense to fund the strongest player in the game.

So for reasons 1-5 is why we should start up a crowdfunding cause for Histogen? As if Histogen couldn't do this on there own? Maybe we can raise more money than J&J , Merk, and Aderans because us guys on these forums are just that much in the know and smarter than those guys? If Histogen had something, they wouldn't need to stoop this low. They would've been bought out yesterday.

Also... your assumption that "money is never a problem" is laughable, Gail Naughton was running Histogen off her credit cards in 2009, so to assume that these small bio-tech start-ups have a limitless access to money is the most idiotic assumption anyone could make.

Money IS never a problem to a promising venture. Again, it seems that Histogens investors are not satisfied. And they know better than me, you and anybody else on this forum.

It's actually quite DANGEROUS to make that assumption because you're effectively convincing people NOT to help Histogen by perpetuating a lie about their supposed access to finance

.

Whats "DANGEROUS" about what i said? lol. How am i "effectively" convincing people not to help? Perpetuating a lie? Heres a little secret. Everyone on this forum has access to investors or financing. Its up to the investor/financier if its worth investing. Whats "dangerous" is all these unproven DIY concoctions thats floating around this forum. God forbid a forum member have a bad reaction or worse. Again, as if we're smarter than the guys in lab coats..

Regarding your final statement@ "trust me" < lol - there are also "very rich" people who would like a cancer cure, does that mean bio-tech companies that are working on cancer treatments have an endless supply of cash?

Though they may not have an endless supply of cash, believe it or not, biotech companies receive government grants, generous charitable donations, tax breaks and they sell stock among other things. Keyword, STOCK. How much is Histogen stock worth again?

Then again, lets crowdfund solyndra ,my bad i mean Histogen, lol, (don't even sound right).