Over $500,000 Raised! Closer to Clean Energy!
Thanks to 233 far-sighted investors we have now raised $503,000, over half way to the one million dollars we need to quicken our research for safe, clean, cheap and unlimited energy! This half-way mark was achieved Jan 12, just two months and 3 days into our Wefunder campaign.
This is also well over our minimum goal of $400,000, achieved Dec. 22. So this means we will certainly be getting at least the minimum money our project needs to move on to our critical experiments with beryllium electrodes. But the full million dollars is needed for us to hire another researcher, and to buy critical long-lead-time items, so that we can accelerate our research.
Thanks to all who have made this possible! Based on the present pace, we hope to wind up the Wefunder campaign in another two months, by mid-March.
Several people have asked us why more large investors have not funded us prior to the crowdfunding. Unfortunately, many large investors are just not interested in R and D projects that could change the world in five years’ time. Two recent conversations we’ve had with potential large investors who declined illustrate this point. One individual said that the five-year horizon was just too long. His strategy was to invest for 12-24 months, take the company public while still in the research phase and try to sell shares for a quick return to small investors more willing to take risks. This popular strategy has been termed “pump and dump”.
The other individual described himself as an angel investor, although perhaps, from his subsequent remarks, he might be more of a “fallen angel” investor. He said that he would always insist on getting control of companies that he invested in, something LPPFusion is not willing to concede. When asked why this was essential, when it might mean passing up an opportunity to invest in the energy source that replaces fossil fuel, he replied: ”I don’t invest in R and D. I invest in what I consider sure things. If I’m wrong, control allows me to pull the plug when I think I need to, and preferred shares allow me to take whatever assets are left.” This strategy has been called ”vulture capitalism”.
So, LPPFusion is not for the pump-and-dumpers or for the vultures, but for the true “angel investors” who are willing to put money in for the prospect of large returns in five years and for a better world. Thanks again to all you angels!