Get ready: Crowdfunding This Spring
Lots of people have asked how to contribute towards making Vasalgel happen. Many people have mentioned Kickstarter - and we think crowdfunding is a good idea. In fact, we'll be counting on crowdfunding to fund the clinical trial! If you are getting this newsletter, you will be hearing as soon as it happens.
We'd love to use Kickstarter (the biggest crowdfunding platform), but it doesn't accept medical technology projects. However, the second-biggest crowdfunding site, IndieGoGo, will do medical projects and looks pretty good. It's easy to use, because you can sign in with a Facebook account and you can contribute with a credit card or PayPal.
Vasalgel is being developed as a "social venture" company - a hybrid form in which the aim is to be self-supporting (so it doesn't have to always be begging for money), but nobody will be making a killing. Since it's going to cost several million dollars, we'll be looking for program-related investments from foundations and low-interest loans from investors who would like to make a difference, but we'll be relying mostly on crowdfunding (here we come, IndieGoGo!). In the end, Vasalgel making it to market is going to be mostly about men (and women) and how much they want it, take action, and spread the word.
TAKE ACTION: Get signed up and ready to go on IndieGoGo.