wtf is going with HISTOGEN phase 2b?

[Kiwi]

It's neither incompetence nor the FDA holding them up, it's funding. It's takes a LOT of money to proceed with these things. They have to raise capital to move forward.

What proof do you have of this?

[hellouser]

It's neither incompetence nor the FDA holding them up, it's funding. It's takes a LOT of money to proceed with these things. They have to raise capital to move forward.

I would define their inability to raise money as a form of incompetence. They've got a product that works (to some degree). What are they doing when they pitch their product to investors? Are they clowning around? Seal the deal, god damn it.

[greatjob!]

And with that comment:

LOL!!!!

You respond to my request to stop being an overdramatic cry baby with an overdramatic childish move, you're a bigger baby than I thought. Good riddance.

[ryan555]

I would define their inability to raise money as a form of incompetence. They've got a product that works (to some degree). What are they doing when they pitch their product to investors? Are they clowning around? Seal the deal, god damn it.

I have worked around private equity a considerable amount in my career. Getting people to write massive checks is extremely difficult no matter how good your product is. This is even truer when you are pre-revenue. The further they get toward approval (and accordingly revenue), the easier it will be to raise funds. At this point, they're probably counting on "believers" who care as much about their products as they do a return on their investment, and there aren't a lot of those investors around. With all the hysteria and criticism going on in this forum, I can count on one finger the number of people who have actually made an investment in them. The rest just sit around and criticise their management. That should tell you something about the difficulty in raising money.

[Kiwi]

I have worked around private equity a considerable amount in my career. Getting people to write massive checks is extremely difficult no matter how good your product is. This is even truer when you are pre-revenue. The further they get toward approval (and accordingly revenue), the easier it will be to raise funds. At this point, they're probably counting on "believers" who care as much about their products as they do a return on their investment, and there aren't a lot of those investors around. With all the hysteria and criticism going on in this forum, I can count on one finger the number of people who have actually made an investment in them. The rest just sit around and criticise their management. That should tell you something about the difficulty in raising money.

Dude are you on crack? They sell other products galore - their business is not pre revenue...

Idea... Maybe they want to bootstrap it. That'd not be a bad thing.

[ryan555]

Dude are you on crack? They sell other products galore - their business is not pre revenue...

Idea... Maybe they want to bootstrap it. That'd not be a bad thing.

They have a little bit of revenue from their skin product line and that's it. It's not nearly enough to cover trial costs. I know what I'm talking about. You guys are talking out of your asses.

[Kiwi]

They have a little bit of revenue from their skin product line and that's it. It's not nearly enough to cover trial costs. I know what I'm talking about. You guys are talking out of your asses.

I think you're full of shit. You don't know any more than the rest of us

[Javert]

I think you're full of shit. You don't know any more than the rest of us

Has anyone contacted this Gail person? That seems like it would be more beneficial than speculation and attacking each other.

[Kiwi]

Has anyone contacted this Gail person? That seems like it would be more beneficial than speculation and attacking each other.

Nope its my responsibility to smack negative Nancy naysayers on their little know-it-all bottoms.

The dude knows jack about histogens state of affairs. Apparently knows something about raising money and thus thinks he knows it all.

No one here knows so if there is to be speculation let it be positive!

[ryan555]

Nope its my responsibility to smack negative Nancy naysayers on their little know-it-all bottoms.

The dude knows jack about histogens state of affairs. Apparently knows something about raising money and thus thinks he knows it all.

No one here knows so if there is to be speculation let it be positive!

I'm an investor in Histogen. Read my previous posts. I'm trying to explain things to you, you arrogant knob. I'm not negative on them at all, I'm defending them because I know that they have very smart people running their company.

[Kiwi]

I'm an investor in Histogen. Read my previous posts. I'm trying to explain things to you, you arrogant knob. I'm not negative on them at all, I'm defending them because I know that they have very smart people running their company.

Blah blah blah. Bite me. You're an investor in Histogen? I'm an investor in Histogen. So if you're an investor tell us the road map ya big douche bag. Stop telling us how much you know about investment stuff (the blah blahs) and tell us whats going on. Otherwise you're not really an investor, at least not one that they waste their time telling all the juicy bits, because the REAL investors in Histogen are not spilling their beans in public forums!

[ryan555]

Blah blah blah. Bite me. You're an investor in Histogen? I'm an investor in Histogen. So if you're an investor tell us the road map ya big douche bag. Stop telling us how much you know about investment stuff (the blah blahs) and tell us whats going on. Otherwise you're not really an investor, at least not one that they waste their time telling all the juicy bits, because the REAL investors in Histogen are not spilling their beans in public forums!

I'm not going to say anything specific to you, partly because I honestly don't know about their exact road map and partly because I don't want to overstep any boundaries. I am actually an investor in the company, but I do not know every detail over their plans and operations. If I were a larger player, I'm sure I would know more, but unfortunately I am not wealthy enough to give them the kind of investment that would keep me in the loop on every decision. However, what I do know for sure is that 1) the primary roadblock for every startup is capital and Histogen are no exception and 2) the management are very smart and motivated to move forward as quickly as possible.

Now, if it makes you feel good to insult me, question my credibility, and otherwise dumb down the conversation, then that is your prerogative. I don't really understand the lack of civility and juvenile tone on this website, but I don't really want to dive in there with you.

[Kiwi]

I'm not going to say anything specific to you, partly because I honestly don't know about their exact road map and partly because I don't want to overstep any boundaries. I am actually an investor in the company, but I do not know every detail over their plans and operations. If I were a larger player, I'm sure I would know more, but unfortunately I am not wealthy enough to give them the kind of investment that would keep me in the loop on every decision. However, what I do know for sure is that 1) the primary roadblock for every startup is capital and Histogen are no exception and 2) the management are very smart and motivated to move forward as quickly as possible.

Now, if it makes you feel good to insult me, question my credibility, and otherwise dumb down the conversation, then that is your prerogative. I don't really understand the lack of civility and juvenile tone on this website, but I don't really want to dive in there with you.

Sorry for insulting you. I thought you were coming across anti histogen for a second there and I'm sick of naysayers on this site. It drives me nuts - the annoying thing that I try to fight on this site is negativity towards solutions like histogen (i'm not so fussed about the personal bickering).

[ryan555]

Sorry for insulting you. I thought you were coming across anti histogen for a second there and I'm sick of naysayers on this site. It drives me nuts - the annoying thing that I try to fight on this site is negativity towards solutions like histogen (i'm not so fussed about the personal bickering).

I don't know how you got that from what I said. I am the opposite of anti Histogen. Not only do I have a vested financial interest in their success, I know some of their management team personally and they're great people. I really do not know what their exact timeline is and if I did, I wouldn't talk about it on a public forum as you said. What I do know is that they have a good product and they are busting their humps to move it forward. I'm just trying to explain some of the challenges that they and all companies like them face. I'm not sure if they even read any of this stuff, but regardless it's neither fair nor productive to insult and criticize their management. That's all I'm trying to convey.